Plan Snapshot
- Plan Sponsor: Beltmann Group Incorporated
- Sponsor EIN: 411287134
- Sponsor Address: 2480 LONG LAKE RD., ROSEVILLE, MN, 55113
- Plan Type: 401(k)
- Total Participants: 543
- Total Assets: $23.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 543 | $23.7M | $0 | $2.2M |
| 2023 | 574 | $23.5M | $0 | $2.1M |
| 2022 | 380 | $20.1M | $204 | $1.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $51,350 | — | $51,350 |
| SAGEVIEW ADVISORY GROUP LLC | Investment Advisor | $28,000 | — | $28,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,350
- Estimated Expense Ratio: 0.335% 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 | $94,433 | $28,000 | — | — | — |
| 2023 | $74,037 | $28,000 | $46,037 | — | — |
| 2022 | $74,270 | $27,999 | $44,934 | — | — |