Plan Snapshot
- Plan Sponsor: Cirtec Medical Corporation
- Sponsor EIN: 852716261
- Sponsor Address: 9200 XYLON AVE N, BROOKLYN PARK, MN, 55445
- Plan Type: 401(k)
- Total Participants: 1,441
- Total Assets: $52.1M
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 | 1,441 | $52.1M | $2.6M | $7.6M |
| 2023 | 1,389 | $41.4M | $2.2M | $6.2M |
| 2022 | 820 | $29.1M | $1.3M | $3.9M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Recordkeeper | $188,759 | — | $188,759 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $42,480 | — | $42,480 |
| SCHWAB | Custodian / Trustee | $20,300 | — | $20,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — Recordkeeper
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
- SCHWAB — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $251,539
- Estimated Expense Ratio: 0.483% 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 | $200,686 | $100,846 | $99,840 | — | — |
| 2023 | $165,777 | $85,293 | $53,262 | — | — |
| 2022 | $138,897 | $32,872 | $37,016 | — | $69,009 |