Plan Snapshot
- Plan Sponsor: E.A. Sween Company
- Sponsor EIN: 410878603
- Sponsor Address: 16101 WEST 78TH STREET, EDEN PRAIRIE, MN, 55344
- Plan Type: 401(k)
- Total Participants: 932
- Total Assets: $47.9M
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 | 932 | $47.9M | $1.8M | $3.6M |
| 2023 | 839 | $43.0M | $1.7M | $3.3M |
| 2022 | 831 | $37.1M | $1.7M | $3.3M |
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 | $105,285 | — | $105,285 |
| NFP RETIREMENT INC | INVESTMENT ADVISORY | $47,812 | $24 | $47,836 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — INVESTMENT ADVISORY
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $153,121
- Estimated Expense Ratio: 0.320% 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 | $134,980 | $29,695 | $105,285 | — | — |
| 2023 | $146,209 | $23,029 | $123,180 | — | — |
| 2022 | $150,113 | $23,518 | $104,285 | — | $22,310 |