# Minnkota Power Cooperative, INC. DB Plan
Source: https://planprovider.pro/companies/minnkota-power-cooperative-inc-plan-001

> Minnkota Power Cooperative, INC.'s DB plan: 361 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:** 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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/minnkota-power-cooperative-inc-plan-001)

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