Plan Snapshot
- Plan Sponsor: Bethel Lutheran Nursing & Rehabilitation Center
- Sponsor EIN: 450230141
- Sponsor Address: 1515 2ND AVE W, WILLISTON, ND, 58801
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 133 | $6.7M | $223,612 | $184,399 |
| 2023 | 128 | $6.4M | $219,467 | $210,426 |
| 2022 | 135 | $5.6M | $203,111 | $192,897 |
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 |
|---|---|---|---|---|
| AMERICAN STATE BANK | Custodian / Trustee | $15,017 | — | $15,017 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,017
- Estimated Expense Ratio: 0.224% 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 | $15,017 | — | — | — | — |
| 2023 | $22,973 | — | — | — | — |
| 2022 | $16,359 | — | — | — | — |