# Education Minnesota DB Plan
Source: https://planprovider.pro/companies/education-minnesota-411916882-001

> Education Minnesota's DB plan: 160 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Education Minnesota

- **Sponsor EIN:** 411916882

- **Sponsor Address:** 41 SHERBURNE AVE, ST. PAUL, MN, 55103

- **Plan Type:** DB

- **Plan Number:** 001

- **Total Participants:** 160

- **Total Assets:** $129.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|160|$129.4M|$2.1M|$0|

| 2023|161|$121.9M|$2.1M|$0|

| 2022|156|$107.3M|$2.1M|$0|

## 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|

| CETERA TRUST COMPANY, N.A.|Other Service Provider|$103,289|—|$103,289|

| ALERUS INVESTMENT ADVISORS|Other Service Provider|$18,750|—|$18,750|

| USI CONSULTING GROUP|Other Service Provider|$14,234|—|$14,234|

| HARRINGTON LANGER & ASSOCIATES|Auditor|$7,975|—|$7,975|

| BEST & FLANAGAN LLP|ERISA Attorney|$5,802|—|$5,802|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HARRINGTON LANGER & ASSOCIATES](https://planprovider.pro/provider/harrington-langer-and-associates) — Auditor

- [BEST & FLANAGAN LLP](https://planprovider.pro/provider/best-and-flanagan-llp) — ERISA Attorney

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $150,050

- **Estimated Expense Ratio:** 0.116% 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|$191,056|$18,750|—|$7,975|—|

| 2023|$182,072|$25,000|—|$7,400|—|

| 2022|$178,513|$111,960|—|—|$31,353|

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