Plan Snapshot
- Plan Sponsor: Food Management Investors, INC. Dba Cultivate Solutions
- Sponsor EIN: 450417148
- Sponsor Address: 509 30TH AVENUE NW, PO BOX 969, MINOT, ND, 58703
- Plan Type: 401(k)
- Total Participants: 644
- Total Assets: $13.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 644 | $13.3M | $618,795 | $1.0M |
| 2023 | 579 | $11.2M | $548,102 | $942,794 |
| 2022 | 485 | $9.2M | $467,224 | $806,517 |
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 |
|---|---|---|---|---|
| BRADY MARTZ & ASSOCIATES, P.C. | Auditor | $7,777 | — | $7,777 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BRADY MARTZ & ASSOCIATES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,777
- Estimated Expense Ratio: 0.058% 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 | $85,872 | $2,362 | $61,808 | $7,777 | — |
| 2023 | $74,858 | $1,905 | $49,778 | $11,650 | — |
| 2022 | $61,724 | $7,115 | $43,367 | — | $11,242 |