Plan Snapshot
- Plan Sponsor: North Homes, INC.
- Sponsor EIN: 411682025
- Sponsor Address: 303 SE FIRST STREET, GRAND RAPIDS, MN, 55744
- Plan Type: 401(k)
- Total Participants: 296
- Total Assets: $9.9M
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 | 296 | $9.9M | $436,369 | $537,846 |
| 2023 | 305 | $9.4M | $395,354 | $493,345 |
| 2022 | 291 | $7.6M | $347,092 | $428,409 |
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 |
|---|---|---|---|---|
| BLAKE & LIND CPAS, PLLC | Auditor | — | — | $0 |
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 | $88,692 | $24,576 | $64,116 | — | — |
| 2023 | $77,553 | $21,364 | $56,189 | — | — |
| 2022 | $74,657 | $19,435 | $55,222 | — | — |