Plan Snapshot
- Plan Sponsor: Bellisio Foods, INC.
- Sponsor EIN: 593015985
- Sponsor Address: 525 S LAKE AVE, DULUTH, MN, 558022362
- Plan Type: 401(k)
- Total Participants: 1,004
- Total Assets: $7.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,004 | $7.6M | $314,087 | $867,925 |
| 2023 | 1,044 | $6.6M | $266,569 | $765,362 |
| 2022 | 1,085 | $5.5M | $257,809 | $778,541 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $85,375 | — | $85,375 |
| MMA SECURITES LLC | INVESTMENT ADVISORY | — | $12,645 | $12,645 |
| BMG CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITES LLC — INVESTMENT ADVISORY
- BMG CPA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,020
- Estimated Expense Ratio: 1.285% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $85,376 | — | $85,376 | — | — |
| 2023 | $72,909 | — | $72,909 | — | — |
| 2022 | $71,512 | — | $71,512 | — | — |