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: Health & Welfare
- Plan Number: 501
- Total Participants: 4,091
- Total Assets: $49.2M
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 | 4,091 | $49.2M | $41.5M | $4.2M |
| 2023 | 3,254 | $44.9M | $34.9M | $3.3M |
| 2022 | 3,287 | $43.1M | $41.7M | $3.7M |
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 |
|---|---|---|---|---|
| WILSON-MCSHANE CORPORATION | Other Service Provider | $1,318,000 | — | $1,318,000 |
| UMR, INC. | Other Service Provider | $1,074,488 | — | $1,074,488 |
| THE SEGAL COMPANY | Other Service Provider | $199,475 | — | $199,475 |
| MORGAN, LEWIS & BOCKIUS LLP | ERISA Attorney | $160,929 | — | $160,929 |
| SLEVIN & HART, P.C. | ERISA Attorney | $141,348 | — | $141,348 |
| TEAM, INC. | Other Service Provider | $134,283 | — | $134,283 |
| EXPRESS SCRIPTS | Other Service Provider | $110,204 | — | $110,204 |
| DDMN ASO, LLC | Other Service Provider | $108,117 | — | $108,117 |
| LEGACY PROFESSIONALS LLP | Auditor | $34,494 | — | $34,494 |
| SEGAL MARCO ADVISORS | Other Service Provider | $30,789 | — | $30,789 |
| SHUMAKER, LOOP & KENDRICK, LLP | Other Service Provider | $27,700 | — | $27,700 |
| NATIONAL INVESTMENT SERVICES OF AME | Other Service Provider | $21,793 | — | $21,793 |
| BMO HARRIS | Other Service Provider | $7,655 | — | $7,655 |
| HONSA BINDER PRINTING | Other Service Provider | $7,078 | — | $7,078 |
| SOMMERS & FAHRENBACH, INC. | Other Service Provider | $5,121 | — | $5,121 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN, LEWIS & BOCKIUS LLP — ERISA Attorney
- SLEVIN & HART, P.C. — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,381,474
- Estimated Expense Ratio: 6.876% 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 | $1,083,352 | $50,744 | $419,000 | $34,494 | — |
| 2023 | $943,480 | $68,661 | $404,400 | $33,140 | — |
| 2022 | $704,955 | $129,640 | $392,000 | — | $146,284 |