Plan Snapshot
- Plan Sponsor: Metropolitan Anesthesia Network, LLP
- Sponsor EIN: 411524692
- Sponsor Address: 14700 28TH AVENUE NORTH, SUITE 20, PLYMOUTH, MN, 55447
- Plan Type: 401(k)
- Total Participants: 554
- Total Assets: $391.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 554 | $391.1M | $13.2M | $10.2M |
| 2023 | 534 | $330.2M | $12.6M | $9.8M |
| 2022 | 529 | $274.0M | $11.1M | $9.0M |
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 |
|---|---|---|---|---|
| PUNCH & ASSOC INVESTMENT MANAG | Other Service Provider | $115,046 | — | $115,046 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $45,137 | — | $45,137 |
| ADVANCED CAPITAL GROUP INC | Other Service Provider | $31,170 | — | $31,170 |
| MURPHY POHLAD ASSET MANAGEMENT | Other Service Provider | $16,997 | — | $16,997 |
| INTELLICENTS INVESTMENT | Investment Advisor | $16,860 | — | $16,860 |
| KOVITZ INVESTMENT GROUP PARTNE | Other Service Provider | $16,215 | — | $16,215 |
| BANNERSTONE CAPITAL MANAGEMENT | Other Service Provider | $15,407 | — | $15,407 |
| COMPASS CAPITAL MANAGEMENT INC | Other Service Provider | $13,605 | — | $13,605 |
| GUARDIAN WEALTH ADVISORS LLC | Other Service Provider | $9,710 | — | $9,710 |
| CAHILL FINANCIAL ADVISORS INC | Other Service Provider | $6,338 | — | $6,338 |
| CHARLES SCHWAB & CO., INC. | Recordkeeper | $5,887 | — | $5,887 |
| GHP INVESTMENT ADVISORS INC | Other Service Provider | $5,675 | — | $5,675 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- INTELLICENTS INVESTMENT — Investment Advisor
- CHARLES SCHWAB & CO., INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $298,047
- Estimated Expense Ratio: 0.076% 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 | $306,468 | $263,962 | — | — | — |
| 2023 | $260,365 | $230,013 | — | — | — |
| 2022 | $317,612 | $281,520 | — | — | — |