Plan Snapshot
- Plan Sponsor: Elemet Group, INC
- Sponsor EIN: 815066079
- Sponsor Address: 101 21ST AVENUE SOUTH, PRINCETON, MN, 55371
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 125
- Total Assets: $8.3M
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. |
|---|---|---|---|---|
| 2025 | 125 | $8.3M | $0 | $0 |
| 2024 | 102 | $7.2M | $218,572 | $399,288 |
| 2023 | 115 | $6.1M | $212,218 | $396,698 |
| 2022 | 116 | $4.9M | $193,788 | $371,801 |
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 |
|---|---|---|---|---|
| EDWARD D. JONES & CO., L.P. | Other Service Provider | $26,694 | — | $26,694 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $22,765 | — | $22,765 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,459
- Estimated Expense Ratio: 0.596% 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 |
|---|---|---|---|---|---|
| 2025 | $666,520 | $28,220 | $4,805 | — | — |
| 2024 | $46,309 | $24,734 | $4,397 | — | — |
| 2023 | $38,840 | — | $38,840 | — | — |
| 2022 | $33,025 | — | $33,025 | — | — |