Plan Snapshot
- Plan Sponsor: Mngi Digestive Health, P.A.
- Sponsor EIN: 411251064
- Sponsor Address: 3001 BROADWAY STREET NE, MINNEAPOLIS, MN, 55413
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,391
- Total Assets: $302.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,391 | $302.6M | $0 | $0 |
| 2024 | 1,033 | $257.3M | $9.2M | $9.0M |
| 2023 | 924 | $221.2M | $8.2M | $8.2M |
| 2022 | 788 | $179.6M | $7.1M | $6.9M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $129,477 | — | $129,477 |
| ACCREDITED INVESTORS | Other Service Provider | $52,611 | — | $52,611 |
| ACCREDITED INVESTORS INC | Other Service Provider | $44,855 | — | $44,855 |
| VANGUARD ADVISERS INC. | Other Service Provider | $25,879 | — | $25,879 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $252,822
- Estimated Expense Ratio: 0.084% 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 |
|---|---|---|---|---|---|
| 2025 | $17,176,265 | — | — | — | — |
| 2024 | $199,948 | — | — | — | — |
| 2023 | $183,627 | — | — | — | — |
| 2022 | $164,885 | — | — | — | — |