Plan Snapshot
- Plan Sponsor: Edgewood Management Group, LLC
- Sponsor EIN: 263415102
- Sponsor Address: 402 DEMERS AVENUE, GRAND FORKS, ND, 58201
- Plan Type: 401(k)
- Total Participants: 2,871
- Total Assets: $40.1M
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 | 2,871 | $40.1M | $1.4M | $3.9M |
| 2023 | 2,599 | $34.0M | $1.3M | $3.6M |
| 2022 | 2,373 | $27.2M | $1.3M | $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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | $36,667 | — | $36,667 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,667
- Estimated Expense Ratio: 0.091% 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 | $105,420 | — | $68,753 | $36,667 | — |
| 2023 | $113,466 | — | $83,766 | $29,700 | — |
| 2022 | $102,910 | $40,000 | $52,810 | — | $10,100 |