Plan Snapshot
- Plan Sponsor: Faegre Drinker Biddle & Reath LLP
- Sponsor EIN: 410244008
- Sponsor Address: 2200 WELLS FARGO CENTER, MINNEAPOLIS, MN, 55402
- Plan Type: 401(k)
- Plan Number: 033
- Total Participants: 1,274
- Total Assets: $772.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,274 | $772.7M | $14.6M | $14.2M |
| 2023 | 1,308 | $689.9M | $14.0M | $13.4M |
| 2022 | 1,359 | $590.7M | $13.0M | $13.2M |
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 |
|---|---|---|---|---|
| COMPASS CAPITAL MANAGEMENT INC | Other Service Provider | $152,512 | — | $152,512 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $80,585 | — | $80,585 |
| RIVERBRIDGE PARTNERS LLC | Other Service Provider | $76,392 | — | $76,392 |
| ALPHA OMEGA FINANCIAL ADVISORY | Other Service Provider | $27,600 | — | $27,600 |
| HEMINGTON WEALTH MANAGEMENT LL | Other Service Provider | $26,960 | — | $26,960 |
| HURLOW WEALTH MGMT GROUP INC | Other Service Provider | $22,713 | — | $22,713 |
| PRIVATE CAPITAL MANAGEMENT LLC | Other Service Provider | $21,010 | — | $21,010 |
| CAPITAL MGMT SERVICES INC | Other Service Provider | $13,429 | — | $13,429 |
| TRADITION WEALTH MANAGEMENT LL | Other Service Provider | $12,648 | — | $12,648 |
| TOTAL WEALTH PLANNING LLC | Other Service Provider | $12,399 | — | $12,399 |
| BOULAY FINANCIAL ADVISORS LLC | Other Service Provider | $10,519 | — | $10,519 |
| CHICAGO PARTNERS INVESTMENT GR | Other Service Provider | $10,371 | — | $10,371 |
| GALECKI FINANCIAL MANAGEMENT I | Other Service Provider | $9,446 | — | $9,446 |
| LMCG INVESTMENTS LLC | Other Service Provider | $7,848 | — | $7,848 |
| BUCKINGHAM STRATEGIC PARTNERS | Other Service Provider | $7,441 | — | $7,441 |
| CORDA INVESTMENT | Other Service Provider | $6,362 | — | $6,362 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $498,235
- Estimated Expense Ratio: 0.064% 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 | $503,757 | $423,222 | — | — | — |
| 2023 | $419,604 | $338,265 | — | — | — |
| 2022 | $383,602 | $305,531 | — | — | — |