Plan Snapshot
- Plan Sponsor: Highland Bank
- Sponsor EIN: 410627744
- Sponsor Address: 2100 FORD PARKWAY, ST. PAUL, MN, 55116
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 139
- Total Assets: $21.8M
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. |
|---|---|---|---|---|
| 2025 | 139 | $21.8M | $0 | $0 |
| 2024 | 116 | $19.3M | $422,412 | $1.0M |
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 |
|---|---|---|---|---|
| MMA SECURITIES | Investment Advisor | $27,173 | — | $27,173 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $7,868 | — | $7,868 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,041
- Estimated Expense Ratio: 0.161% 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 | $2,341,813 | $27,852 | — | — | — |
| 2024 | $22,005 | $17,240 | — | — | — |