# Noran Neurological Clinic, P.A. 401(k) Plan
Source: https://planprovider.pro/companies/noran-neurological-clinic-p-a-401k-plan

> Noran Neurological Clinic, P.A.'s 401(k) plan: 242 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Noran Neurological Clinic, P.A.

- **Sponsor EIN:** 410984062

- **Sponsor Address:** 3601 MINNESOTA DRIVE, STE. 200, BLOOMINGTON, MN, 55435

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

- **Total Participants:** 242

- **Total Assets:** $153.6M

## 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|242|$153.6M|$220,451|$1.6M|

| 2023|250|$155.8M|$217,774|$1.6M|

| 2022|244|$126.2M|$221,604|$1.6M|

## 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|

| ALERUS FINANCIAL, N.A.|NONE|$96,072|—|$96,072|

| OLSON, THIELEN & CO., LTD.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [OLSON, THIELEN & CO., LTD.](https://planprovider.pro/provider/olsen-thielen-and-co-ltd) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $96,072

- **Estimated Expense Ratio:** 0.063% 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|$96,072|—|—|—|—|

| 2023|$78,798|—|—|—|—|

| 2022|$74,209|—|—|—|—|

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