Plan Snapshot
- Plan Sponsor: Central Boiler Companies, INC.
- Sponsor EIN: 202266936
- Sponsor Address: 20502 160TH STREET, GREENBUSH, MN, 56726
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $22.9M
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 | 217 | $22.9M | $376,408 | $1.2M |
| 2023 | 261 | $21.3M | $493,526 | $1.3M |
| 2022 | 259 | $19.2M | $302,199 | $1.3M |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $62,330 | — | $62,330 |
| BARTON, WALTER & KRIER, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- BARTON, WALTER & KRIER, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,330
- Estimated Expense Ratio: 0.273% 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 | $62,330 | $53,794 | $8,536 | — | — |
| 2023 | $54,216 | — | $47,536 | — | — |
| 2022 | $52,129 | $48,608 | $3,521 | — | — |