Plan Snapshot
- Plan Sponsor: Dave Syverson Ford, Lincoln, Mercury, INC.
- Sponsor EIN: 410912583
- Sponsor Address: P.O. BOX 251, ALBERT LEA, MN, 560073923
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $13.3M
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 | 142 | $13.3M | $236,876 | $602,301 |
| 2023 | 136 | $11.3M | $241,742 | $617,474 |
| 2022 | 138 | $9.8M | $384,669 | $587,472 |
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 |
|---|---|---|---|---|
| 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: $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 | $22,431 | — | $22,431 | — | — |
| 2023 | $20,330 | — | $20,330 | — | — |
| 2022 | $18,707 | $12,558 | — | — | — |