Plan Snapshot
- Plan Sponsor: Cliff Viessman, INC.
- Sponsor EIN: 920178875
- Sponsor Address: 215 1ST AVENUE, GARY, SD, 57237
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 489
- Total Assets: $19.7M
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. |
|---|---|---|---|---|
| 2025 | 489 | $19.7M | $0 | $0 |
| 2024 | 384 | $17.9M | $771,832 | $689,189 |
| 2023 | 421 | $16.5M | $745,455 | $675,621 |
| 2022 | 370 | $14.7M | $727,678 | $680,580 |
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 |
|---|---|---|---|---|
| DEFINITI, LLC | Recordkeeper | $64,523 | — | $64,523 |
| EDWARD JONES | Investment Advisor | $36,505 | — | $36,505 |
| LAWRENCE CUMPSTON & ASSOCIATES | Auditor | $13,500 | — | $13,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,528
- Estimated Expense Ratio: 0.582% 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 |
|---|---|---|---|---|---|
| 2025 | $2,721,234 | $36,505 | $38,502 | $13,500 | — |
| 2024 | $86,400 | $34,092 | $36,227 | $13,200 | — |
| 2023 | $65,817 | $30,528 | $21,149 | $12,740 | — |
| 2022 | $77,157 | $33,541 | $30,291 | — | $13,325 |