Plan Snapshot
- Plan Sponsor: Burwell Enterprises, LLC
- Sponsor EIN: 814765120
- Sponsor Address: 701 CARLSON PARKWAY, MINNETONKA, MN, 55305
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $10.4M
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 | 212 | $10.4M | $508,304 | $888,330 |
| 2023 | 147 | $8.4M | $478,493 | $913,438 |
| 2022 | 297 | $3.0M | $191,972 | $381,546 |
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 | $42,101 | — | $42,101 |
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $6,110 | $6,110 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,211
- Estimated Expense Ratio: 0.463% 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 | $42,101 | — | $42,101 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $13,252 | — | $13,252 | — | — |