Plan Snapshot
- Plan Sponsor: Gateway Family Health Clinic, Ltd.
- Sponsor EIN: 411000577
- Sponsor Address: 4570 CTY HWY 61, MOOSE LAKE, MN, 55767
- Plan Type: 401(k)
- Total Participants: 88
- Total Assets: $19.8M
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 | 88 | $19.8M | $406,531 | $511,555 |
| 2023 | 90 | $19.2M | $406,551 | $501,409 |
| 2022 | 95 | $16.8M | $389,980 | $431,018 |
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 SECURITIES | BROKER/ADVISO R | $47,943 | — | $47,943 |
| TSC 401K | CONTRACT ADMI R | — | $10,000 | $10,000 |
| THE AMERICAN AUDITORS GROUP, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE AMERICAN AUDITORS GROUP, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,943
- Estimated Expense Ratio: 0.293% 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 | $6,633 | — | — | — | — |
| 2023 | $4,052 | — | $4,052 | — | — |
| 2022 | $6,957 | — | $6,957 | — | — |