# Minnkota Power Cooperative, INC. 401(k) Plan
Source: https://planprovider.pro/companies/minnkota-power-cooperative-inc-401k-plan-002

> Minnkota Power Cooperative, INC.'s 401(k) plan: 380 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Minnkota Power Cooperative, INC.

- **Sponsor EIN:** 450166406

- **Sponsor Address:** 5301 32ND AVE S, GRAND FORKS, ND, 582013312

- **Plan Type:** 401(k)

- **Total Participants:** 380

- **Total Assets:** $89.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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|380|$89.5M|$6.2M|$1,200|

| 2023|377|$80.3M|$5.9M|$1,200|

| 2022|361|$70.0M|$5.5M|$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|

| THOMAS WEISEL PARTNERS|NONE|$225,602|—|$225,602|

| BRADY MARTZ & ASSOCIATES|NONE|$5,357|—|$5,357|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BRADY MARTZ & ASSOCIATES](https://planprovider.pro/provider/brady-martz-and-associates-pc) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $230,959

- **Estimated Expense Ratio:** 0.258% 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|$355,155|$349,798|—|$5,357|—|

| 2023|$335,120|$311,910|—|$5,000|—|

| 2022|$341,895|$315,362|—|—|$10,000|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/minnkota-power-cooperative-inc-401k-plan-002)

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