Plan Snapshot
- Plan Sponsor: Infinite Health Collaborative, P.A.
- Sponsor EIN: 411861374
- Sponsor Address: 3500 AMERICAN BLVD. W, BLOOMINGTON, MN, 55431
- Plan Type: 401(k)
- Total Participants: 3,230
- Total Assets: $531.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 3,230 | $531.3M | $11.8M | $24.3M |
| 2023 | 2,982 | $466.9M | $15.7M | $21.9M |
| 2022 | 2,663 | $388.7M | $14.8M | $18.8M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SRVS | RETAINED BY EMPLOYER | $337,159 | — | $337,159 |
| NFP CORPORATE SERVICES (NM), INC. | RETAINED BY EMPLOYER | $55,000 | — | $55,000 |
| FREDRIKSON & BYRON, P.A. | RETAINED BY EMPLOYER | $15,201 | — | $15,201 |
| CLIFTONLARSONALLEN LLP | AUDITOR | $13,650 | — | $13,650 |
| OCTOBER THREE CONSULTING | RETAINED BY EMPLOYER | $9,880 | — | $9,880 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SRVS — RETAINED BY EMPLOYER
- CLIFTONLARSONALLEN LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $430,890
- Estimated Expense Ratio: 0.081% 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 | $430,890 | $55,000 | $337,159 | $13,650 | — |
| 2023 | $380,380 | $18,636 | $285,907 | $73,795 | — |
| 2022 | $311,162 | $55,000 | $194,496 | — | $61,666 |