Plan Snapshot
- Plan Sponsor: Impact Of Minnesota INC.
- Sponsor EIN: 843515362
- Sponsor Address: 4600 LYNDALE AVE N, MINNEAPOLIS, MN, 55412
- Plan Type: 401(k)
- Total Participants: 199
- Total Assets: $24.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 199 | $24.5M | $647,063 | $1.5M |
| 2023 | 206 | $20.9M | $611,643 | $1.4M |
| 2022 | 201 | $16.5M | $555,306 | $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 |
|---|---|---|---|---|
| LB CARLSON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LB CARLSON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $72,613 | $46,264 | — | — | — |
| 2023 | $57,949 | $40,102 | — | — | — |
| 2022 | $58,900 | $36,062 | $22,838 | — | — |