Plan Snapshot
- Plan Sponsor: Kraus-Anderson, Incorporated
- Sponsor EIN: 410358300
- Sponsor Address: 501 SOUTH EIGHTH STREET, MINNEAPOLIS, MN, 55404
- Plan Type: 401(k)
- Plan Number: 504
- Total Participants: 501
- Total Assets: $1.1M
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 | 501 | $1.1M | $6.0M | $1.6M |
| 2023 | 482 | $520,505 | $4.9M | $1.4M |
| 2022 | 467 | $1.3M | $4.7M | $1.3M |
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 |
|---|---|---|---|---|
| HEALTHPARTNERS INSURANCE CO, INC | Other Service Provider | $259,068 | — | $259,068 |
| CLIFTONLARSONALLEN LLP | Auditor | $23,100 | — | $23,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $282,168
- Estimated Expense Ratio: 25.634% 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 | $292,212 | — | $259,068 | $23,100 | — |
| 2023 | $291,139 | — | $258,243 | $28,185 | — |
| 2022 | $289,014 | — | $262,018 | — | $22,579 |