Plan Snapshot
- Plan Sponsor: Concourse Hotel INC
- Sponsor EIN: 391730575
- Sponsor Address: 701 CARLSON PARKWAY, MINNETONKA, MN, 55305
- Plan Type: 401(k)
- Total Participants: 541
- Total Assets: $13.5M
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 | 541 | $13.5M | $189,236 | $359,898 |
| 2023 | 533 | $12.0M | $165,599 | $322,654 |
| 2022 | 524 | $13.5M | $276,270 | $531,732 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $35,025 | — | $35,025 |
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $6,172 | $6,172 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,197
- Estimated Expense Ratio: 0.304% 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 | $35,026 | — | $35,026 | — | — |
| 2023 | $29,528 | — | $29,528 | — | — |
| 2022 | $37,160 | — | $37,160 | — | — |