# Groves Academy 403(b) Plan
Source: https://planprovider.pro/companies/groves-academy-403b-plan

> Groves Academy's 403(b) plan: 161 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Groves Academy

- **Sponsor EIN:** 410979871

- **Sponsor Address:** 3200 HIGHWAY 100 SOUTH, ST. LOUIS PARK, MN, 55416

- **Plan Type:** 403(b)

- **Total Participants:** 161

- **Total Assets:** $11.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **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|161|$11.8M|$404,602|$1.0M|

| 2023|136|$11.2M|$387,151|$934,854|

| 2022|140|$10.2M|$371,023|$846,252|

## 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|

| CLIFTON LARSEN ALLEN LLP|Auditor|$15,749|—|$15,749|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CLIFTON LARSEN ALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $15,749

- **Estimated Expense Ratio:** 0.133% 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|$61,262|$13,922|$31,591|$15,749|—|

| 2023|$60,715|$13,386|$29,230|$18,099|—|

| 2022|$64,946|$16,246|$31,402|—|$17,298|

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