Plan Snapshot
- Plan Sponsor: Mid-Minnesota Legal Assistance
- Sponsor EIN: 411412710
- Sponsor Address: 111 NORTH 5TH STREET,, MINNEAPOLIS, MN, 554031604
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $21.7M
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 | 175 | $21.7M | $436,445 | $1.3M |
| 2023 | 170 | $18.1M | $379,819 | $1.0M |
| 2022 | 168 | $16.4M | $341,169 | $853,070 |
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 |
|---|---|---|---|---|
| EFS ADVISORS | Investment Advisor | $56,995 | — | $56,995 |
| PENSERV PLAN SERVICES, INC. | Recordkeeper | $17,020 | — | $17,020 |
| MG TRUST COMPANY LLC | Custodian / Trustee | $8,485 | — | $8,485 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MG TRUST COMPANY LLC — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,500
- Estimated Expense Ratio: 0.379% 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 | $82,723 | $57,218 | $17,020 | — | — |
| 2023 | $76,756 | $48,882 | $16,592 | — | — |
| 2022 | $80,311 | $64,475 | $15,836 | — | — |