Plan Snapshot
- Plan Sponsor: Kraemer North America, LLC
- Sponsor EIN: 472031815
- Sponsor Address: 12550 WEST FRONTAGE ROAD, BURNSVILLE, MN, 55337
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 317
- Total Assets: $59.2M
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. |
|---|---|---|---|---|
| 2025 | 317 | $59.2M | $0 | $0 |
| 2024 | 235 | $53.9M | $669,161 | $2.7M |
| 2023 | 196 | $48.1M | $614,359 | $2.4M |
| 2022 | 177 | $39.7M | $575,089 | $2.2M |
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 |
|---|---|---|---|---|
| RBC WEALTH MANAGEMENT | Investment Advisor | $70,899 | — | $70,899 |
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $35,949 | — | $35,949 |
| BAKER TILLY US, LLP | Auditor | $17,640 | — | $17,640 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,488
- Estimated Expense Ratio: 0.210% 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 |
|---|---|---|---|---|---|
| 2025 | $6,433,351 | $70,899 | — | $17,640 | — |
| 2024 | $101,317 | $68,411 | — | $16,537 | — |
| 2023 | $84,186 | $65,424 | — | $15,226 | — |
| 2022 | $113,123 | $69,428 | — | — | $13,835 |