Plan Snapshot
- Plan Sponsor: Ideal Aerosmith, INC.
- Sponsor EIN: 830264918
- Sponsor Address: 3001 S WASHINGTON ST, GRAND FORKS, ND, 58201
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 214
- Total Assets: $21.0M
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. |
|---|---|---|---|---|
| 2025 | 214 | $21.0M | $0 | $0 |
| 2024 | 151 | $17.8M | $552,935 | $1.1M |
| 2023 | 120 | $14.7M | $306,853 | $877,096 |
| 2022 | 112 | $12.8M | $274,870 | $783,691 |
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 O | Recordkeeper | $33,559 | — | $33,559 |
| USI ADVISORS INC | Investment Advisor | $15,000 | — | $15,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $12,864 | — | $12,864 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,423
- Estimated Expense Ratio: 0.293% 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 | $1,994,292 | $27,864 | — | — | — |
| 2024 | $43,735 | $23,448 | — | — | — |
| 2023 | $39,899 | $22,062 | — | — | — |
| 2022 | $45,998 | — | $45,998 | — | — |