Plan Snapshot
- Plan Sponsor: Metropolitan Cardiology Consultants P.A.
- Sponsor EIN: 411787141
- Sponsor Address: 4040 COON RAPIDS BLVD NW STE 120, COON RAPIDS, MN, 554334568
- Plan Type: 401(k)
- Total Participants: 263
- Total Assets: $91.7M
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 | 263 | $91.7M | $2.6M | $2.3M |
| 2023 | 245 | $79.1M | $2.2M | $2.1M |
| 2022 | 240 | $67.4M | $2.0M | $2.0M |
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 |
|---|---|---|---|---|
| ASCENSUS HOLDINGS INC | CONTRACT ADMIN | — | $10,000 | $10,000 |
| BOYUM & BARENSCHEER, PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM & BARENSCHEER, PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,000
- Estimated Expense Ratio: 0.011% 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 | -$22,343 | — | -$22,343 | — | — |
| 2023 | -$32,638 | — | -$32,638 | — | — |
| 2022 | $1,550 | — | $1,550 | — | — |