Plan Snapshot
- Plan Sponsor: Midcountry Bank
- Sponsor EIN: 410325766
- Sponsor Address: 7825 WASHINGTON AVENUE SOUTH SUITE, BLOOMINGTON, MN, 55439
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $26.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 150 | $26.9M | $665,905 | $1.3M |
| 2023 | 133 | $23.6M | $653,969 | $1.1M |
| 2022 | 138 | $20.5M | $624,881 | $1.0M |
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 |
|---|---|---|---|---|
| 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 | $77,596 | $38,574 | — | — | — |
| 2023 | $62,061 | $30,874 | — | — | — |
| 2022 | $60,896 | — | $60,896 | — | — |