Plan Snapshot
- Plan Sponsor: Minco Products, INC.
- Sponsor EIN: 410783878
- Sponsor Address: 7300 COMMERCE LANE NE, MINNEAPOLIS, MN, 554323177
- Plan Type: 401(k)
- Total Participants: 345
- Total Assets: $62.3M
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 | 345 | $62.3M | $707,796 | $1.5M |
| 2023 | 351 | $58.7M | $700,006 | $1.5M |
| 2022 | 340 | $56.6M | $804,764 | $1.7M |
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 |
|---|---|---|---|---|
| ADVISORNET FINANCIAL, INC. | NONE | $57,141 | — | $57,141 |
| ALERUS FINANCIAL, N.A. | NONE | $42,689 | — | $42,689 |
| OLSON THIELEN CPAS AND ADVISORS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- OLSON THIELEN CPAS AND ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,830
- Estimated Expense Ratio: 0.160% 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 | $99,829 | $57,141 | — | — | — |
| 2023 | $96,294 | $55,578 | — | — | — |
| 2022 | $102,228 | $49,744 | — | — | — |