Plan Snapshot
- Plan Sponsor: Geritom Med INC.
- Sponsor EIN: 411589027
- Sponsor Address: 10501 FLORIDA AVENUE SOUTH, BLOOMINGTON, MN, 55438
- Plan Type: 401(k)
- Total Participants: 103
- Total Assets: $7.0M
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 | 103 | $7.0M | $197,431 | $532,494 |
| 2023 | 107 | $6.3M | $179,704 | $515,332 |
| 2022 | 105 | $5.2M | $220,444 | $504,888 |
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 |
|---|---|---|---|---|
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REDPATH AND COMPANY, LLC — 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 | $63,069 | — | $63,069 | — | — |
| 2023 | $44,784 | $27,153 | $17,631 | — | — |
| 2022 | $49,770 | — | $49,770 | — | — |