Plan Snapshot
- Plan Sponsor: Education Minnesota
- Sponsor EIN: 411916882
- Sponsor Address: 41 SHERBURNE AVENUE, SAINT PAUL, MN, 551032119
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 159
- Total Assets: $40.8M
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 | 159 | $40.8M | $1.0M | $1.7M |
| 2023 | 167 | $39.7M | $1.0M | $1.6M |
| 2022 | 158 | $34.9M | $1.0M | $1.6M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $59,061 | — | $59,061 |
| HARRINGTON LANGER & ASSOCIATES | Auditor | $7,775 | — | $7,775 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- HARRINGTON LANGER & ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,836
- Estimated Expense Ratio: 0.164% 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 | $67,638 | $802 | — | $7,775 | — |
| 2023 | $52,057 | — | — | — | — |
| 2022 | $44,468 | — | — | — | — |