Plan Snapshot
- Plan Sponsor: Minnesota Council Of Nonprofits
- Sponsor EIN: 363501477
- Sponsor Address: 2314 UNIVERSITY AVE. W. STE. 20, ST. PAUL, MN, 55114
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,357
- Total Assets: $82,451
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 | 1,357 | $82,451 | $291,150 | $15.0M |
| 2023 | 1,200 | $76,352 | $229,284 | $11.9M |
| 2022 | 759 | $90,759 | $0 | $8.4M |
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 |
|---|---|---|---|---|
| BUISNESSOLVER | Other Service Provider | $169,838 | — | $169,838 |
| MINNESOTA COUNCIL OF NONPROFITS | Other Service Provider | $41,053 | — | $41,053 |
| CLIFTONLARSONALLEN | Auditor | $25,107 | — | $25,107 |
| ADAMS AND REESE LLP | Other Service Provider | $10,112 | — | $10,112 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $246,110
- Estimated Expense Ratio: 298.492% 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 | $251,230 | — | $169,838 | $25,107 | — |
| 2023 | $203,578 | — | $133,749 | $19,273 | — |
| 2022 | $81,805 | — | — | — | $79,394 |