Plan Snapshot
- Plan Sponsor: Minnesota Credit Union Network, INC.
- Sponsor EIN: 352668800
- Sponsor Address: 555 WABASHA STREET NORTH, SUITE 200, ST. PAUL, MN, 55102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 404
- Total Assets: $599,514
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. |
|---|---|---|---|---|
| 2025 | 404 | $599,514 | $0 | $0 |
| 2024 | 441 | $579,684 | $6.3M | $26,675 |
| 2023 | 453 | $504,051 | $6.8M | $42,322 |
| 2022 | 444 | $614,275 | $6.5M | $30,380 |
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 |
|---|---|---|---|---|
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2025 | $6,573,826 | — | — | — | — |
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |