Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Bac Local 1 Supplemental Retirement Fund
- Sponsor EIN: 411868381
- Sponsor Address: 2002 LONDON ROAD, DULUTH, MN, 55812
- Plan Type: DC
- Total Participants: 345
- Total Assets: $15.2M
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 | 345 | $15.2M | $574,098 | $0 |
| 2023 | 358 | $13.7M | $594,039 | $0 |
| 2022 | 348 | $11.9M | $555,772 | $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 |
|---|---|---|---|---|
| MAIRS & POWERS | NONE | $30,848 | — | $30,848 |
| MILLIMAN | NONE | $22,825 | — | $22,825 |
| CLIFTONLARSONALLEN LLP | NONE | $12,732 | — | $12,732 |
| BAUMAN ASSOCIATES, LTD | Auditor | $12,732 | — | $12,732 |
| MARQUETTE ASSOCIATES | NONE | $12,500 | — | $12,500 |
| WILSON-MCSHANE | NONE | $11,563 | — | $11,563 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — NONE
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,200
- Estimated Expense Ratio: 0.678% 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 | $107,773 | $48,138 | $15,008 | $12,732 | — |
| 2023 | $118,142 | $53,149 | $13,113 | $20,999 | — |
| 2022 | $116,939 | $49,258 | $36,433 | — | $23,955 |