Plan Snapshot
- Plan Sponsor: Ip Corporation
- Sponsor EIN: 410850438
- Sponsor Address: 1225 WILLOW LAKE BLVD., ST. PAUL, MN, 551105145
- Plan Type: 401(k)
- Total Participants: 644
- Total Assets: $115.7M
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 | 644 | $115.7M | $3.6M | $4.3M |
| 2023 | 619 | $100.8M | $3.7M | $4.2M |
| 2022 | 554 | $81.7M | $3.5M | $3.7M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $64,320 | — | $64,320 |
| MMA SECURITIES LLC | NONE | $32,500 | — | $32,500 |
| OLSEN THIELEN & CO.LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- MMA SECURITIES LLC — NONE
- OLSEN THIELEN & CO.LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,820
- Estimated Expense Ratio: 0.084% 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 | $93,355 | — | — | — | — |
| 2023 | $98,751 | — | — | — | — |
| 2022 | $21,062 | — | — | — | — |