Plan Snapshot
- Plan Sponsor: Mclaughlin Gormley King Company
- Sponsor EIN: 410403600
- Sponsor Address: 7325 ASPEN LANE NORTH, MINNEAPOLIS, MN, 554281102
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $55.2M
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 | 184 | $55.2M | $1.8M | $2.2M |
| 2023 | 193 | $47.0M | $1.6M | $1.9M |
| 2022 | 183 | $37.1M | $1.5M | $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 |
|---|---|---|---|---|
| KEYSTONE WEALTH ADVISORS INC | ADVISOR | $102,093 | — | $102,093 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $5,530 | — | $5,530 |
| BOYUM & BARENSCHEER PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BOYUM & BARENSCHEER PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,623
- Estimated Expense Ratio: 0.195% 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 | $107,623 | $102,093 | — | — | — |
| 2023 | $90,716 | $83,077 | $300 | — | — |
| 2022 | $88,692 | — | — | — | — |