Plan Snapshot
- Plan Sponsor: Heartland Realty Investors, INC.
- Sponsor EIN: 411308270
- Sponsor Address: 4802 NICOLLETT AVENUE SOUTH, MINNEAPOLIS, MN, 55419
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $8.1M
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 | 119 | $8.1M | $203,278 | $484,248 |
| 2023 | 117 | $6.7M | $187,112 | $403,923 |
| 2022 | 114 | $6.2M | $148,410 | $388,413 |
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 |
|---|---|---|---|---|
| CHRISTENSEN GROUP FINANCIAL | INVESTMENT ADVISOR | $29,067 | — | $29,067 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $22,553 | — | $22,553 |
| TSC 401K | CONTRACT ADMIN | $9,913 | — | $9,913 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MANAGEMENT | $7,716 | — | $7,716 |
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,249
- Estimated Expense Ratio: 0.856% 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 | $69,989 | — | $6,543 | — | — |
| 2023 | $64,868 | — | $4,414 | — | — |
| 2022 | $72,701 | — | $72,701 | — | — |