Plan Snapshot
- Plan Sponsor: Minnesota Bakers Union Pension Plan
- Sponsor EIN: 416018079
- Sponsor Address: 2919 EAGANDALE BLVD SUITE 120, EAGAN, MN, 55121
- Plan Type: DB
- Total Participants: 848
- Total Assets: $227.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 848 | $227.2M | $3.9M | $0 |
| 2023 | 763 | $212.0M | $3.7M | $0 |
| 2022 | 732 | $192.8M | $3.5M | $0 |
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 |
|---|---|---|---|---|
| FORMULA CORPORATION | Other Service Provider | $218,218 | — | $218,218 |
| RBC WEALTH MANAGEMENT | Other Service Provider | $181,700 | — | $181,700 |
| ANCHOR CAPITAL ADVISORS LLC | Other Service Provider | $157,812 | — | $157,812 |
| FIDUCIARY MANAGEMENT INC | Other Service Provider | $140,596 | — | $140,596 |
| IVY INVESTMENT MANAGEMENT CO | Other Service Provider | $139,730 | — | $139,730 |
| MAIRS & POWER INC | Other Service Provider | $84,257 | — | $84,257 |
| HORIZON ACTUARIAL SERVICES LLC | Other Service Provider | $77,995 | — | $77,995 |
| CONESTOGA CAPITAL ADVISORS | Other Service Provider | $45,231 | — | $45,231 |
| BETTS & HAYES, LTD | Other Service Provider | $44,100 | — | $44,100 |
| RBC GLOBAL ASSET MANAGEMENT (U.S.) | Recordkeeper | $34,980 | — | $34,980 |
| THE SEGAL COMPANY | Other Service Provider | $16,943 | — | $16,943 |
| GW&K INVESTMENT MANAGEMENT | Other Service Provider | $13,065 | — | $13,065 |
| CROSSMARK GLOBAL HOLDINGS, INC. | Other Service Provider | $11,559 | — | $11,559 |
| ALTON JOHNSON | Other Service Provider | $9,440 | — | $9,440 |
| THOMAS HUGHES | Other Service Provider | $7,227 | — | $7,227 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC GLOBAL ASSET MANAGEMENT (U.S.) — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,182,853
- Estimated Expense Ratio: 0.521% 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 | $1,337,764 | $812,940 | $218,218 | $44,100 | — |
| 2023 | $1,354,583 | $849,368 | $218,218 | — | — |
| 2022 | $1,336,504 | $877,345 | $218,218 | — | $97,480 |