Plan Snapshot
- Plan Sponsor: Holmen Cheese LLC
- Sponsor EIN: 832441982
- Sponsor Address: 1775 GRANARY STREET, HOLMEN, WI, 54636
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 137
- Total Assets: $125,859
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 | 137 | $125,859 | $310,938 | $618,586 |
| 2023 | 129 | $2.5M | $267,472 | $542,744 |
| 2022 | 102 | $1.6M | $234,908 | $477,284 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL NA | Investment Advisor | $22,287 | — | $22,287 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL NA — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,287
- Estimated Expense Ratio: 17.708% 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 | $22,428 | $13,833 | — | — | — |
| 2023 | $241,663 | — | — | — | — |
| 2022 | $128,047 | — | — | — | — |