Plan Snapshot
- Plan Sponsor: Mdu Resources Group, INC.
- Sponsor EIN: 301133956
- Sponsor Address: P.O. BOX 5650, BISMARCK, ND, 585065650
- Plan Type: 401(k)
- Total Participants: 2,064
- Total Assets: $775.6M
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 | 2,064 | $775.6M | $20.0M | $31.3M |
| 2023 | 3,465 | $829.9M | $28.1M | $43.0M |
| 2022 | 8,551 | $1.3B | $50.1M | $64.6M |
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 | $235,077 | $28,014 | $263,091 |
| EDELMAN FINANCIAL ENGINES, LLC | INV ADV, PARTICIPANTS | $193,985 | — | $193,985 |
| DELOITTE AND TOUCHE LLP | ACCOUNTANT | $83,592 | $56 | $83,648 |
| WILSHIRE ADVISORS LLC | INVESTMENT ADVISORY | $69,438 | $218 | $69,656 |
| BAKER TILLY US, LLP | ACCOUNTANT | $10,225 | $25 | $10,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE AND TOUCHE LLP — ACCOUNTANT
- WILSHIRE ADVISORS LLC — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $620,630
- Estimated Expense Ratio: 0.080% 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 | $592,317 | $263,423 | $235,077 | $93,817 | — |
| 2023 | $431,171 | $131,653 | $299,518 | — | — |
| 2022 | $449,494 | — | $421,642 | — | $27,852 |