Plan Snapshot
- Plan Sponsor: Ip Corporation
- Sponsor EIN: 410850438
- Sponsor Address: 1225 WILLOW LAKE BLVD., ST. PAUL, MN, 55110
- Plan Type: Health & Welfare
- Plan Number: 510
- Total Participants: 504
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 504 | $6.3M | $12.9M | $2.0M |
| 2023 | 512 | $6.2M | $13.5M | $1.9M |
| 2022 | 498 | $5.5M | $10.9M | $2.0M |
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 |
|---|---|---|---|---|
| MEDICA SELF-INSURED | Other Service Provider | $114,296 | $615,734 | $730,030 |
| DDMN ASO LLC | Other Service Provider | $35,979 | — | $35,979 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $766,009
- Estimated Expense Ratio: 12.070% 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 | $153,636 | — | $153,636 | — | — |
| 2023 | $92,170 | — | $92,170 | — | — |
| 2022 | $169,561 | — | $169,561 | — | — |