Plan Snapshot
- Plan Sponsor: Mid Minnesota Federal Credit Union
- Sponsor EIN: 410825219
- Sponsor Address: PO BOX 2907, BAXTER, MN, 564256607
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $18.2M
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 | 174 | $18.2M | $509,414 | $909,232 |
| 2023 | 175 | $16.3M | $458,102 | $868,638 |
| 2022 | 171 | $13.8M | $421,664 | $766,143 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — 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 | $75,664 | — | $63,111 | — | — |
| 2023 | $62,923 | — | $55,494 | — | — |
| 2022 | $61,970 | — | $57,816 | — | $4,154 |