Plan Snapshot
- Plan Sponsor: Mankato Clinic Ltd
- Sponsor EIN: 410849339
- Sponsor Address: 1230 E. MAIN STREET, MANKATO, MN, 56001
- Plan Type: 401(k)
- Total Participants: 873
- Total Assets: $236.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 873 | $236.0M | $7.3M | $5.4M |
| 2023 | 857 | $220.8M | $7.0M | $5.2M |
| 2022 | 850 | $193.5M | $6.9M | $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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $177,548 | — | $177,548 |
| NICOLLET INVESTMENTMANAGEMENT | NONE | $77,213 | — | $77,213 |
| ADVANCED CAPITAL GROUP | NONE | $51,000 | — | $51,000 |
| CHARLES SCHWAB TRUST BANK | NONE | $61 | $26,486 | $26,547 |
| EIDE BAILLY LLP | NONE | $18,760 | — | $18,760 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- CHARLES SCHWAB TRUST BANK — NONE
- EIDE BAILLY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $351,068
- Estimated Expense Ratio: 0.149% 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 | $326,456 | $128,213 | — | $18,760 | — |
| 2023 | $348,132 | $154,065 | — | $16,129 | — |
| 2022 | $324,672 | — | — | — | $324,672 |