Plan Snapshot
- Plan Sponsor: J-Berd Mechanical Contractors, INC.
- Sponsor EIN: 411716695
- Sponsor Address: 1 INDUSTRIAL BLVD, SAUK RAPIDS, MN, 56379
- Plan Type: 401(k)
- Total Participants: 736
- Total Assets: $87.1M
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. |
|---|---|---|---|---|
| 2024 | 736 | $87.1M | $2.1M | $6.0M |
| 2023 | 750 | $71.9M | $2.1M | $6.0M |
| 2022 | 647 | $53.3M | $2.3M | $5.3M |
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 | RECORDKEEPER | $121,039 | — | $121,039 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISOR | $38,250 | — | $38,250 |
| ASCENSUS HOLDINGS INC | CONTRACT ADMIN | $27,606 | — | $27,606 |
| WEALTH ADVISORY SERVICES LL | INVESTMENT ADVISOR | $11,667 | — | $11,667 |
| ABDO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ABDO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $198,562
- Estimated Expense Ratio: 0.228% 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 | $178,893 | — | $178,893 | — | — |
| 2023 | $154,586 | — | $154,586 | — | — |
| 2022 | $216,095 | — | $216,095 | — | — |