Plan Snapshot
- Plan Sponsor: Central Mcgowan, INC.
- Sponsor EIN: 410873429
- Sponsor Address: 123 ROOSEVELT RD, ST CLOUD, MN, 563013873
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $16.5M
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 | 150 | $16.5M | $504,021 | $751,313 |
| 2023 | 139 | $14.4M | $504,673 | $670,751 |
| 2022 | 131 | $12.8M | $485,148 | $575,729 |
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 |
|---|---|---|---|---|
| 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: $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 | $59,044 | $21,095 | — | — | — |
| 2023 | $43,080 | $11,463 | — | — | — |
| 2022 | $47,464 | $22,924 | — | — | — |