Plan Snapshot
- Plan Sponsor: High Point Networks, LLC
- Sponsor EIN: 271804410
- Sponsor Address: PERSONAL AND CONFIDENTIAL, WEST FARGO, ND, 580782671
- Plan Type: 401(k)
- Total Participants: 182
- Total Assets: $20.8M
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 | 182 | $20.8M | $797,713 | $1.5M |
| 2023 | 155 | $16.0M | $699,887 | $1.3M |
| 2022 | 145 | $12.1M | $614,290 | $1.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $42,582 | — | $42,582 |
| OSAIC WEALTH INC | INVESTMENT ADVISOR | $34,674 | — | $34,674 |
| WOODBURY FINANCIAL SERVICES INC | OTHER | $9,768 | — | $9,768 |
| MIZE CPAS INC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MIZE CPAS INC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,024
- Estimated Expense Ratio: 0.418% 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 | $90,300 | $37,950 | — | — | — |
| 2023 | $82,380 | $22,275 | — | — | — |
| 2022 | $70,869 | — | $70,869 | — | — |