Plan Snapshot
- Plan Sponsor: Minnkota Power Cooperative, INC.
- Sponsor EIN: 450166406
- Sponsor Address: 5301 32ND AVE S, GRAND FORKS, ND, 582013312
- Plan Type: DB
- Total Participants: 361
- Total Assets: $4.8M
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 | 361 | $4.8M | $0 | $0 |
| 2023 | 287 | $4.3M | $0 | $0 |
| 2022 | 361 | $4.1M | $1.5M | $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 |
|---|---|---|---|---|
| MILLIMAN | NONE | $40,617 | — | $40,617 |
| THOMAS WEISEL PARTNERS | NONE | $10,349 | — | $10,349 |
| BRADY MARTZ & ASSOCIATES | NONE | $3,800 | — | $3,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,766
- Estimated Expense Ratio: 1.140% 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 | $78,833 | $13 | — | $3,800 | — |
| 2023 | $55,283 | $56 | — | $7,000 | — |
| 2022 | $83,265 | $10,006 | — | — | $73,259 |