# Minco Products, INC. 401(k) Plan
Source: https://planprovider.pro/companies/minco-products-inc-401k-plan

> Minco Products, INC.'s 401(k) plan: 345 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [OLSON THIELEN CPAS AND ADVISORS](https://planprovider.pro/provider/olsen-thielen-and-co-ltd) — 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|—|—|—|

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