Plan Snapshot
- Plan Sponsor: Minnesota Diversified Industries, INC.
- Sponsor EIN: 410941924
- Sponsor Address: 3501 BROADWAY ST. NE, SUITE 100, MINNEAPOLIS, MN, 55413
- Plan Type: 403(b)
- Total Participants: 325
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 325 | $11.3M | $221,682 | $675,411 |
| 2023 | 348 | $10.1M | $206,033 | $619,439 |
| 2022 | 329 | $8.3M | $180,623 | $540,380 |
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 |
|---|---|---|---|---|
| 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 | $3,861 | — | $3,861 | — | — |
| 2023 | $2,153 | — | $2,153 | — | — |
| 2022 | $2,616 | — | — | — | — |