Plan Snapshot
- Plan Sponsor: Marsden Services, L.L.C.
- Sponsor EIN: 273206624
- Sponsor Address: 2124 UNIVERSITY AVE W, ST. PAUL, MN, 55114
- Plan Type: 401(k)
- Total Participants: 7,167
- Total Assets: $21.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 7,167 | $21.9M | $1.3M | $2.7M |
| 2023 | 6,810 | $14.0M | $136,522 | $1.5M |
| 2022 | 8,051 | $11.3M | $53,002 | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $72,322 | — | $72,322 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISORY | $34,986 | $14 | $35,000 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — INVESTMENT ADVISORY
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,322
- Estimated Expense Ratio: 0.490% 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 | $107,308 | $34,986 | $72,322 | — | — |
| 2023 | $79,036 | $30,077 | $48,959 | — | — |
| 2022 | $84,004 | $34,655 | $49,349 | — | — |