Plan Snapshot
- Plan Sponsor: Good Shepherd Lutheran Home
- Sponsor EIN: 410851905
- Sponsor Address: 1115 4TH AVENUE NORTH, SAUK RAPIDS, MN, 56379
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 352
- Total Assets: $10.9M
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. |
|---|---|---|---|---|
| 2025 | 352 | $10.9M | $0 | $0 |
| 2024 | 284 | $9.0M | $162,766 | $697,702 |
| 2023 | 253 | $7.7M | $163,966 | $515,388 |
| 2022 | 247 | $6.5M | $154,168 | $509,305 |
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 |
|---|---|---|---|---|
| BREMER BANK NATIONAL ASSOCIATION | Other Service Provider | $24,357 | — | $24,357 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $24,331 | — | $24,331 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,688
- Estimated Expense Ratio: 0.445% 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 |
|---|---|---|---|---|---|
| 2025 | $460,526 | $3,450 | — | — | — |
| 2024 | $41,988 | — | — | — | — |
| 2023 | $39,072 | — | — | — | — |
| 2022 | $45,404 | — | $22,058 | — | $23,346 |