Plan Snapshot
- Plan Sponsor: Fabcon Companies, LLC
- Sponsor EIN: 311433960
- Sponsor Address: 8911 COLUMBINE ROAD SUITE 150, EDEN PRAIRIE, MN, 55347
- Plan Type: 401(k)
- Total Participants: 971
- Total Assets: $83.7M
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 | 971 | $83.7M | $4.0M | $5.8M |
| 2023 | 1,064 | $72.9M | $3.7M | $5.7M |
| 2022 | 1,058 | $60.3M | $3.9M | $6.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $161,666 | — | $161,666 |
| KESTRA ADVISORY SERVICES LLC | INVESTMENT ADVISOR | $44,559 | — | $44,559 |
| BAKER TILLY US, LLP | AUDITOR | $38,850 | — | $38,850 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $245,075
- Estimated Expense Ratio: 0.293% 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 | $183,757 | $44,559 | — | $38,850 | — |
| 2023 | $186,774 | $60,035 | — | $33,495 | — |
| 2022 | $134,902 | — | $134,902 | — | — |