Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Twin City Floor Covering Fringe Benefit Trust
- Sponsor EIN: 410968646
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 81
- Total Assets: $1.2M
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 | 81 | $1.2M | $650,491 | $0 |
| 2023 | 85 | $1.3M | $624,475 | $0 |
| 2022 | 87 | $1.4M | $555,940 | $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 |
|---|---|---|---|---|
| CHRISTOPHER FAVREAU | Other Service Provider | $180,530 | — | $180,530 |
| KELLY BAKKE | Other Service Provider | $167,746 | — | $167,746 |
| CLIFTONLARSONALLEN LLP | Auditor | $15,960 | — | $15,960 |
| REINHART BOERNER VAN DEUREN S.C. | Other Service Provider | $6,820 | — | $6,820 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $371,056
- Estimated Expense Ratio: 30.374% 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 | $594,841 | — | $840 | $15,960 | — |
| 2023 | $595,142 | — | $840 | $20,685 | — |
| 2022 | $524,580 | — | $315,654 | — | $20,804 |