Plan Snapshot
- Plan Sponsor: Board Of Trustees, Midwest Teamsters Member 401(K)
- Sponsor EIN: 410945362
- Sponsor Address: 3001 METRO DR STE 500, BLOOMINGTON, MN, 55425
- Plan Type: DC
- Total Participants: 3,519
- Total Assets: $116.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 3,519 | $116.7M | $2.6M | $4.0M |
| 2023 | 3,170 | $106.6M | $2.5M | $3.8M |
| 2022 | 2,949 | $94.7M | $2.4M | $3.8M |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $212,151 | — | $212,151 |
| MARQUETTE & ASSOCIATES | NONE | $39,382 | — | $39,382 |
| WILSON-MCSHANE CORPORATION | NONE | $37,150 | — | $37,150 |
| MILLER KAPLAN ARASE LLP | NONE | $21,450 | — | $21,450 |
| BARLOW & COUGHRAN, P.S. | NONE | $9,261 | — | $9,261 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- MILLER KAPLAN ARASE LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $319,394
- Estimated Expense Ratio: 0.274% 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 | $356,369 | $39,392 | $36,000 | $21,450 | — |
| 2023 | $455,347 | $38,200 | $33,600 | $20,400 | — |
| 2022 | $417,405 | $37,125 | $33,600 | — | $319,602 |