Plan Snapshot
- Plan Sponsor: Elder-Jones, INC.
- Sponsor EIN: 410974888
- Sponsor Address: 1120 E 80TH ST STE 211, BLOOMINGTON, MN, 554201463
- Plan Type: 401(k)
- Total Participants: 82
- Total Assets: $12.4M
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 | 82 | $12.4M | $295,069 | $875,856 |
| 2023 | 116 | $11.9M | $330,352 | $1.0M |
| 2022 | 135 | $11.5M | $312,329 | $991,405 |
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 |
|---|---|---|---|---|
| ABBEY STREET LLC | Investment Advisor | $34,504 | $6 | $34,510 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $27,756 | — | $27,756 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,266
- Estimated Expense Ratio: 0.502% 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 | $62,263 | $34,507 | $27,756 | — | — |
| 2023 | $64,324 | $35,691 | $28,633 | — | — |
| 2022 | $64,589 | $36,110 | $28,479 | — | — |