Plan Snapshot
- Plan Sponsor: Masaba, INC.
- Sponsor EIN: 421505445
- Sponsor Address: 1617 317TH STREET, VERMILLION, SD, 570690345
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $8.6M
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 | 143 | $8.6M | $208,455 | $630,166 |
| 2023 | 126 | $7.2M | $186,530 | $543,295 |
| 2022 | 114 | $5.9M | $146,541 | $492,194 |
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 |
|---|---|---|---|---|
| HENJES, CONNER & WILLIAMS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HENJES, CONNER & WILLIAMS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $3,516 | — | $3,516 | — | — |
| 2023 | $2,767 | — | $2,767 | — | — |
| 2022 | $4,459 | — | $4,459 | — | — |