Plan Snapshot
- Plan Sponsor: Minneapolis Heart Institute Foundation
- Sponsor EIN: 411426406
- Sponsor Address: 920 E 28TH ST, MINNEAPOLIS, MN, 554071139
- Plan Type: 401(k)
- Total Participants: 90
- Total Assets: $13.2M
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 | 90 | $13.2M | $608,799 | $756,690 |
| 2023 | 84 | $11.8M | $514,345 | $764,049 |
| 2022 | 83 | $9.4M | $476,026 | $634,016 |
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 | $38,634 | — | $38,634 | — | — |
| 2023 | $37,160 | — | $37,160 | — | — |
| 2022 | $34,323 | — | $34,323 | — | — |