Plan Snapshot
- Plan Sponsor: North Dakota Grain Dealers Association Benefit Plan And Trust
- Sponsor EIN: 450433738
- Sponsor Address: 2417 UNIVERSITY DRIVE N, STE A, FARGO, ND, 58102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,328
- Total Assets: $8.2M
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 | 1,328 | $8.2M | $22.3M | $0 |
| 2023 | 1,294 | $7.7M | $20.2M | $0 |
| 2022 | 1,389 | $6.4M | $20.7M | $0 |
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 | Other Service Provider | $4,118,654 | — | $4,118,654 |
| HOLMES MURPHY & ASSOCIATES | Other Service Provider | $84,000 | — | $84,000 |
| NORTH DAKOTA GRAIN DEALERS ASSOCIAT | Other Service Provider | $35,653 | — | $35,653 |
| ALERUS FINANCIAL | Other Service Provider | $28,307 | — | $28,307 |
| WIDMER ROEL PC | Auditor | $23,127 | — | $23,127 |
| TRAVELERS | Other Service Provider | $11,337 | — | $11,337 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIDMER ROEL PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,301,078
- Estimated Expense Ratio: 52.708% 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 | $1,665,022 | $28,307 | $1,259,476 | $23,127 | — |
| 2023 | $1,329,333 | $27,900 | $1,162,994 | $26,010 | — |
| 2022 | $1,409,960 | $25,194 | $1,271,931 | — | $93,400 |