Plan Snapshot
- Plan Sponsor: Minnesota Twins, LLC
- Sponsor EIN: 411519609
- Sponsor Address: TARGET FIELD 1 TWINS WAY, MINNEAPOLIS, MN, 55403
- Plan Type: 401(k)
- Total Participants: 736
- Total Assets: $75.4M
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 | 736 | $75.4M | $3.7M | $3.4M |
| 2023 | 428 | $62.6M | $3.9M | $3.3M |
| 2022 | 561 | $45.0M | $1.4M | $2.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $37,347 | — | $37,347 |
| RSM US LLP | NONE | $21,656 | — | $21,656 |
| GALLAGHER BENEFIT SERVICES INC DBA | NONE | $11,880 | — | $11,880 |
| CLIFTONLARSONALLEN LLP | NONE | $10,500 | — | $10,500 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $10,495 | — | $10,495 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,878
- Estimated Expense Ratio: 0.122% 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 | $80,575 | $10,495 | — | $32,156 | — |
| 2023 | $64,490 | $17,975 | — | — | — |
| 2022 | $92,352 | $4,500 | $2,500 | — | $74,066 |