Plan Snapshot
- Plan Sponsor: Korber Supply Chain Us, INC.
- Sponsor EIN: 412277297
- Sponsor Address: 7760 FRANCE AVE S #800, BLOOMINGTON, MN, 55435
- Plan Type: 401(k)
- Total Participants: 539
- Total Assets: $75.6M
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 | 539 | $75.6M | $1.7M | $6.1M |
| 2023 | 550 | $70.5M | $2.0M | $6.5M |
| 2022 | 632 | $57.0M | $1.5M | $4.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $136,256 | — | $136,256 |
| MMA SECURITES LLC | INVESTMENT ADVISORY | — | $67,262 | $67,262 |
| PRICE WATERHOUSE COOPERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITES LLC — INVESTMENT ADVISORY
- PRICE WATERHOUSE COOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,518
- Estimated Expense Ratio: 0.269% 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 | $136,257 | — | $136,257 | — | — |
| 2023 | $122,966 | — | $122,966 | — | — |
| 2022 | $112,758 | — | $112,758 | — | — |