Plan Snapshot
- Plan Sponsor: Finlayson Bancshares, INC.
- Sponsor EIN: 411396929
- Sponsor Address: 2203 FINLAND AVENUE, FINLAYSON, MN, 55735
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $28.3M
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. |
|---|---|---|---|---|
| 2024 | 187 | $28.3M | $433,732 | $795,860 |
| 2023 | 177 | $30.0M | $412,347 | $751,956 |
| 2022 | 190 | $29.5M | $411,540 | $776,229 |
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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — Auditor
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 | $55,285 | — | — | — | — |
| 2023 | $44,416 | $1,365 | — | — | — |
| 2022 | $48,624 | — | $48,624 | — | — |