Plan Snapshot
- Plan Sponsor: Frandsen Financial Corporation
- Sponsor EIN: 930848097
- Sponsor Address: 4388 ROUND LAKE ROAD WEST, ARDEN HILLS, MN, 55112
- Plan Type: 401(k)
- Total Participants: 485
- Total Assets: $83.1M
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 | 485 | $83.1M | $2.9M | $3.7M |
| 2023 | 493 | $73.6M | $3.5M | $3.6M |
| 2022 | 483 | $63.1M | $3.2M | $3.2M |
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 |
|---|---|---|---|---|
| WIPFLI CPAS AND CONSULTANTS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI CPAS AND CONSULTANTS — 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 | $25,911 | $25,911 | — | — | — |
| 2023 | $22,807 | $22,807 | — | — | — |
| 2022 | $29,247 | $17,660 | $11,587 | — | — |