# Board Of Trustees Of Bac Local 1 Supplemental Retirement Fund DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-bac-local-1-supplemental-retirement-fund-plan

> Board Of Trustees Of Bac Local 1 Supplemental Retirement Fund's DC plan: 345 participants, plan year 2024 financials, providers, and benchmarks from Form 550…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — NONE

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/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|

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