Plan Snapshot
- Plan Sponsor: Canon Medical Informatics, INC.
- Sponsor EIN: 421321776
- Sponsor Address: 5850 OPUS PARKWAY SUITE 300, MINNETONKA, MN, 55343
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $54.3M
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 | 159 | $54.3M | $608,606 | $2.3M |
| 2023 | 195 | $52.1M | $691,843 | $2.5M |
| 2022 | 215 | $44.9M | $719,185 | $2.4M |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $80,731 | $47,545 | — | — | — |
| 2023 | $70,862 | $43,737 | — | — | — |
| 2022 | $67,087 | $40,221 | $26,566 | — | $300 |