Plan Snapshot
- Plan Sponsor: Bongards' Creameries
- Sponsor EIN: 410158028
- Sponsor Address: 250 LAKE DR E, CHANHASSEN, MN, 55317
- Plan Type: 401(k)
- Total Participants: 603
- Total Assets: $44.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 603 | $44.9M | $1.3M | $3.8M |
| 2023 | 563 | $39.5M | $1.1M | $3.5M |
| 2022 | 558 | $32.5M | $1.1M | $3.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $89,627 | — | $89,627 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISORY | $30,975 | $25 | $31,000 |
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT ADVISORY
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $120,627
- Estimated Expense Ratio: 0.269% 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 | $120,602 | $30,975 | $89,627 | — | — |
| 2023 | $109,499 | $30,985 | $78,514 | — | — |
| 2022 | $119,251 | $56,471 | $62,780 | — | — |