Plan Snapshot
- Plan Sponsor: Nd Rec Benefit Trust
- Sponsor EIN: 475256219
- Sponsor Address: 3201 NYGREN DR NW, MANDAN, ND, 58554
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,020
- Total Assets: $11.0M
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 | 1,020 | $11.0M | $0 | $19.7M |
| 2023 | 1,004 | $9.5M | $0 | $19.1M |
| 2022 | 1,002 | $8.0M | $0 | $17.9M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF ND | Other Service Provider | $975,548 | — | $975,548 |
| ND ASSOCIATION OF RURAL ELECTRIC CO | Other Service Provider | $139,385 | — | $139,385 |
| BROWN & BROWN | Other Service Provider | $112,083 | — | $112,083 |
| PRIME THERAPEUTICS | Other Service Provider | — | $108,910 | $108,910 |
| EIDE BAILLY LLP | Auditor | $18,033 | — | $18,033 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,353,959
- Estimated Expense Ratio: 12.326% 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 | $1,278,484 | — | $1,114,933 | $14,200 | — |
| 2023 | $1,208,924 | — | $1,054,908 | $13,400 | — |
| 2022 | $1,169,182 | — | $1,013,838 | — | $133,217 |