Plan Snapshot
- Plan Sponsor: Fortune Transportation
- Sponsor EIN: 411417961
- Sponsor Address: PO BOX 399, WINDOM, MN, 561010399
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $9.6M
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 | 176 | $9.6M | $322,714 | $776,272 |
| 2023 | 170 | $8.6M | $337,432 | $824,100 |
| 2022 | 154 | $7.1M | $339,688 | $830,523 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $52,022 | — | $52,022 |
| EDWARD JONES | INVESTMENT ADVISORY | — | $30,107 | $30,107 |
| ASCENSUS | CONTRACT ADMINISTRATOR | $8,765 | $4,382 | $13,147 |
| LEWIS, KISCH & ASSOCIATES, LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASCENSUS — CONTRACT ADMINISTRATOR
- LEWIS, KISCH & ASSOCIATES, LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,276
- Estimated Expense Ratio: 0.993% 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 | $60,787 | — | $60,787 | — | — |
| 2023 | $48,403 | — | $48,403 | — | — |
| 2022 | $40,752 | — | $40,752 | — | — |