Plan Snapshot
- Plan Sponsor: Boarman Kroos Vogel Group, INC.
- Sponsor EIN: 411326637
- Sponsor Address: 222 N. SECOND STREET, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Total Participants: 167
- Total Assets: $21.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 167 | $21.0M | $372,591 | $1.8M |
| 2023 | 187 | $18.3M | $549,585 | $1.9M |
| 2022 | 204 | $14.0M | $443,784 | $1.6M |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMIN SERVICES, INC. | NONE | $50,853 | — | $50,853 |
| IMPACT RETIREMENT ADVISORS | NONE | $20,783 | — | $20,783 |
| BGM CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — NONE
- BGM CPA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,636
- Estimated Expense Ratio: 0.341% 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 | $73,882 | — | — | — | — |
| 2023 | $65,742 | — | — | — | — |
| 2022 | $58,228 | — | — | — | $58,228 |