Plan Snapshot
- Plan Sponsor: Metropolitan Alliance Of Connected Communities
- Sponsor EIN: 411959688
- Sponsor Address: 3433 BROADWAY STREET NE, MINNEAPOLIS, MN, 55413
- Plan Type: 401(k)
- Total Participants: 264
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 264 | $6.3M | $314,796 | $460,900 |
| 2023 | 141 | $5.6M | $258,652 | $350,991 |
| 2022 | 114 | $4.1M | $218,972 | $310,954 |
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 |
|---|---|---|---|---|
| OLSEN THIELEN & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OLSEN THIELEN & CO., LTD. — 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 | $50,952 | $15,465 | — | — | — |
| 2023 | $37,233 | $8,855 | — | — | — |
| 2022 | $37,427 | $3,652 | — | — | $4,949 |