Plan Snapshot
- Plan Sponsor: Bremer Financial Corporation
- Sponsor EIN: 410715583
- Sponsor Address: 380 ST. PETER STREET, SUITE 500, ST. PAUL, MN, 551021321
- Plan Type: 401(k)
- Total Participants: 1,435
- Total Assets: $346.0M
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 | 1,435 | $346.0M | $6.5M | $13.8M |
| 2023 | 1,438 | $333.9M | $6.2M | $13.4M |
| 2022 | 1,429 | $296.5M | $6.0M | $12.7M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $467,068 | — | $467,068 |
| TOWERS WATSON INVESTMENT | NONE | $6,500 | — | $6,500 |
| EIDE BAILLY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- TOWERS WATSON INVESTMENT — NONE
- EIDE BAILLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $473,568
- Estimated Expense Ratio: 0.137% 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 | $473,402 | $395,792 | $6,500 | — | — |
| 2023 | $448,164 | $370,366 | $7,500 | — | — |
| 2022 | $446,539 | — | — | — | — |