Plan Snapshot
- Plan Sponsor: Fortune Bay Resort And Casino
- Sponsor EIN: 411482604
- Sponsor Address: 1430 BOIS FORTE ROAD, TOWER, MN, 55790
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $10.6M
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 | 134 | $10.6M | $343,431 | $463,007 |
| 2023 | 266 | $10.0M | $328,734 | $432,036 |
| 2022 | 251 | $9.0M | $337,573 | $441,646 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $51,559 | — | $51,559 |
| UBS FINANCIAL SERVICES INC | Other Service Provider | $29,047 | — | $29,047 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,606
- Estimated Expense Ratio: 0.758% 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 | $55,853 | $55,853 | — | — | — |
| 2023 | $55,375 | $27,253 | — | — | — |
| 2022 | $85,258 | $70,421 | $13,462 | — | — |