Plan Snapshot
- Plan Sponsor: Emerge Community Development
- Sponsor EIN: 411277423
- Sponsor Address: 1834 EMERSON AVE N, MINNEAPOLIS, MN, 55411
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $2.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 146 | $2.9M | $216,856 | $246,925 |
| 2023 | 105 | $2.4M | $168,079 | $196,392 |
| 2022 | 127 | $1.9M | $174,863 | $165,691 |
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 |
|---|---|---|---|---|
| MAHONEY ULBRICH CHRISTIANSEN & RUSS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $24,765 | $14,887 | — | — | — |
| 2023 | $20,930 | $10,056 | — | — | — |
| 2022 | $18,846 | $7,848 | — | — | — |