Plan Snapshot
- Plan Sponsor: Monarch Healthcare Management, LLC
- Sponsor EIN: 473799342
- Sponsor Address: 632 SOUTHBEND AVENUE, MANKATO, MN, 560012168
- Plan Type: 401(k)
- Total Participants: 5,522
- Total Assets: $34.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 5,522 | $34.8M | $2.6M | $4.9M |
| 2023 | 4,153 | $27.0M | $843,935 | $3.9M |
| 2022 | 3,258 | $21.0M | $985,143 | $3.2M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $125,978 | $34,980 | $90,998 | — | — |
| 2023 | $113,056 | $27,165 | $85,891 | — | — |
| 2022 | $73,792 | $16,751 | $57,041 | — | — |