Plan Snapshot
- Plan Sponsor: Braun Intertec Corporation
- Sponsor EIN: 411684205
- Sponsor Address: 11001 HAMPSHIRE AVENUE SOUTH, MINNEAPOLIS, MN, 554382424
- Plan Type: 401(k)
- Total Participants: 1,012
- Total Assets: $139.8M
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 | 1,012 | $139.8M | $1.4M | $7.4M |
| 2023 | 1,003 | $123.9M | $1.5M | $7.3M |
| 2022 | 1,059 | $101.3M | $1.4M | $6.8M |
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 | $121,561 | — | $121,561 |
| VALMARK ADVISERS | INVESTMENT ADVISORY | $44,891 | $109 | $45,000 |
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REDPATH AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $166,561
- Estimated Expense Ratio: 0.119% 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 | $168,705 | $48,301 | $119,448 | — | — |
| 2023 | $202,035 | $44,936 | $124,281 | $32,818 | — |
| 2022 | $189,338 | $47,043 | $119,062 | — | $23,233 |