Plan Snapshot
- Plan Sponsor: Mahube-Otwa Community Action Partnership, INC.
- Sponsor EIN: 416049474
- Sponsor Address: 1125 WEST RIVER ROAD, DETROIT LAKES, MN, 56501
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 186
- Total Assets: $11.5M
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 | $11.5M | $334,495 | $518,623 |
| 2023 | 182 | $11.0M | $305,398 | $445,648 |
| 2022 | 151 | $9.9M | $259,774 | $405,437 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $20,132 | — | $20,132 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,132
- Estimated Expense Ratio: 0.176% 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 | $20,288 | $20,288 | — | — | — |
| 2023 | $19,745 | $18,495 | — | — | — |
| 2022 | $18,179 | $9,630 | $6,649 | — | — |