# Minot Vocational Adjustment Workshop D/B/A Kalix 401(k) Plan
Source: https://planprovider.pro/companies/minot-vocational-adjustment-workshop-d-b-a-kalix-450313122-001

> Minot Vocational Adjustment Workshop D/B/A Kalix's 401(k) plan: 286 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Minot Vocational Adjustment Workshop D/B/A Kalix

- **Sponsor EIN:** 450313122

- **Sponsor Address:** 605 27TH STREET SE, MINOT, ND, 58702

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

- **Plan Number:** 001

- **Total Participants:** 286

- **Total Assets:** $25.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|286|$25.2M|$1.4M|$500,652|

| 2023|274|$22.2M|$1.3M|$447,425|

| 2022|278|$19.8M|$1.4M|$446,204|

## 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|

| BRAVERA WEALTH|Recordkeeper|$101,439|—|$101,439|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $101,439

- **Estimated Expense Ratio:** 0.402% 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|$101,439|$89,592|—|—|—|

| 2023|$91,521|$60,404|—|—|—|

| 2022|$101,867|$101,867|—|—|—|

## Similar Plans

- [Hit, INC.](https://planprovider.pro/companies/hit-inc-401k-plan) — 631 participants

- [Lake Region Corporation](https://planprovider.pro/companies/lake-region-corporation-450383900-001) — 135 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/minot-vocational-adjustment-workshop-d-b-a-kalix-450313122-001)

© 2026 PlanProvider.Pro