Plan Snapshot
- Plan Sponsor: Board Of Trustees, Minneapolis Retail Meat Cutters
- Sponsor EIN: 410905139
- Sponsor Address: 3001 METRO DR STE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,611
- Total Assets: $678.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,611 | $678.8M | $14.2M | $0 |
| 2023 | 1,500 | $638.1M | $17.4M | $0 |
| 2022 | 1,729 | $638.0M | $13.6M | $0 |
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 |
|---|---|---|---|---|
| PACIFIC INVESTMENT MANAGEMENT CO | Other Service Provider | $479,492 | — | $479,492 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $334,800 | — | $334,800 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Recordkeeper | $320,955 | — | $320,955 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | $263,839 | — | $263,839 |
| THE SEGAL COMPANY (MIDWEST) INC. | Other Service Provider | $233,306 | — | $233,306 |
| BOSTON TRUST WALDEN COMPANY | Other Service Provider | $211,959 | — | $211,959 |
| SLEVIN & HART PC | ERISA Attorney | $186,319 | — | $186,319 |
| SEGAL MARCO ADVISORS | Other Service Provider | $170,485 | — | $170,485 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $153,761 | — | $153,761 |
| MORGAN LEWIS & BOCKIUS LLP | ERISA Attorney | $146,222 | — | $146,222 |
| MIDWEST INST. (BMO HARRIS BANK) | Other Service Provider | $94,063 | — | $94,063 |
| RYAN ALM ADVISERS, LLC | Other Service Provider | $40,000 | — | $40,000 |
| LEGACY PROFESSIONALS LLP | Auditor | $39,008 | — | $39,008 |
| GROOM LAW GROUP, CHARTERED | ERISA Attorney | $35,965 | — | $35,965 |
| AGILIS PARTNERS LLC | Other Service Provider | $20,000 | — | $20,000 |
| DEFREHN AND ASSOCIATES LLC | Other Service Provider | $9,000 | — | $9,000 |
| LIFESTATUS360, LLC | Other Service Provider | $5,850 | — | $5,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN INVESTMENT MANAGEMENT INC — Recordkeeper
- SLEVIN & HART PC — ERISA Attorney
- MORGAN LEWIS & BOCKIUS LLP — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
- GROOM LAW GROUP, CHARTERED — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,745,024
- Estimated Expense Ratio: 0.404% 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 | $3,542,856 | $1,916,481 | $334,800 | $39,008 | — |
| 2023 | $3,475,177 | $1,726,977 | $329,400 | $37,285 | — |
| 2022 | $3,945,966 | $2,829,631 | $319,550 | — | $211,425 |