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: 131
- Total Assets: $2.8M
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 | 131 | $2.8M | $136,775 | $243,735 |
| 2023 | 161 | $2.5M | $113,432 | $263,220 |
| 2022 | 160 | $2.7M | $98,610 | $226,482 |
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. | Auditor | $15,101 | — | $15,101 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,101
- Estimated Expense Ratio: 0.542% 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 | $21,657 | — | — | $15,101 | — |
| 2023 | $24,261 | $5,320 | — | $1,963 | — |
| 2022 | $23,174 | $4,482 | — | — | — |