Plan Snapshot
- Plan Sponsor: National Grid Renewables Development, LLC
- Sponsor EIN: 300893581
- Sponsor Address: 8400 NORMANDALE LAKE BLVD STE 1200, BLOOMINGTON, MN, 55437
- Plan Type: 401(k)
- Total Participants: 281
- Total Assets: $20.6M
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 | 281 | $20.6M | $1.3M | $3.5M |
| 2023 | 277 | $14.2M | $1.0M | $2.6M |
| 2022 | 195 | $8.4M | $741,799 | $1.9M |
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 |
|---|---|---|---|---|
| MILLER, WELLE, HEISER & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER, WELLE, HEISER & CO., LTD. — 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 | $11,539 | $8,464 | — | — | — |
| 2023 | $15,866 | — | $15,866 | — | — |
| 2022 | $4,653 | $3,690 | — | — | $963 |