Plan Snapshot
- Plan Sponsor: Empirical Technology, INC.
- Sponsor EIN: 942740498
- Sponsor Address: 891 TWO RIVERS DRIVE, DAKOTA DUNES, SD, 57049
- Plan Type: 401(k)
- Total Participants: 1,238
- Total Assets: $84.0M
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 | 1,238 | $84.0M | $4.3M | $5.8M |
| 2023 | 1,212 | $76.0M | $2.9M | $5.4M |
| 2022 | 1,029 | $63.1M | $2.2M | $4.9M |
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 |
|---|---|---|---|---|
| FORVIS MAZARS LLP | Auditor | $15,335 | — | $15,335 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,335
- Estimated Expense Ratio: 0.018% 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 | $120,981 | $49,985 | $44,526 | $15,335 | — |
| 2023 | $166,126 | $49,975 | $101,272 | $14,879 | — |
| 2022 | $160,837 | $21,126 | $89,734 | — | $49,977 |