Plan Snapshot
- Plan Sponsor: Knife River Corp. - North Central
- Sponsor EIN: 410906808
- Sponsor Address: P O BOX 1306, ST. CLOUD, MN, 56302
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 987
- Total Assets: $1.0M
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 | 987 | $1.0M | $2.3M | $0 |
| 2023 | 721 | $2.2M | $2.6M | $0 |
| 2022 | 659 | $3.0M | $2.7M | $0 |
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 |
|---|---|---|---|---|
| BENECO, FUTUREPLAN ASCENSUS | Recordkeeper | $13,866 | — | $13,866 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,866
- Estimated Expense Ratio: 1.381% 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 | $18,139 | — | $18,139 | — | — |
| 2023 | $25,349 | — | $25,349 | — | — |
| 2022 | $24,752 | — | $24,752 | — | — |