Plan Snapshot
- Plan Sponsor: Larson Engineering, INC.
- Sponsor EIN: 411396375
- Sponsor Address: 3524 LABORE ROAD, WHITE BEAR LAKE, MN, 551105126
- Plan Type: 401(k)
- Total Participants: 186
- Total Assets: $36.4M
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 | 186 | $36.4M | $362,961 | $1.7M |
| 2023 | 188 | $32.5M | $357,130 | $1.7M |
| 2022 | 189 | $28.7M | $359,188 | $1.7M |
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 | Recordkeeper | $85,554 | — | $85,554 |
| PRINCIPAL SECURITIES INC | Other Service Provider | — | $10,660 | $10,660 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,214
- Estimated Expense Ratio: 0.264% 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 | $85,554 | — | $85,554 | — | — |
| 2023 | $76,728 | — | $76,728 | — | — |
| 2022 | $79,581 | — | $79,581 | — | — |