Plan Snapshot
- Plan Sponsor: Northern Air Corporation
- Sponsor EIN: 411508221
- Sponsor Address: 1001 LABORE INDUSTRIAL COURT,, VADNAIS HEIGHTS, MN, 55110
- Plan Type: 401(k)
- Total Participants: 67
- Total Assets: $0
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 | 67 | $0 | $0 | $0 |
| 2023 | 64 | $16.9M | $662,148 | $502,677 |
| 2022 | 73 | $14.3M | $615,134 | $502,481 |
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 |
|---|---|---|---|---|
| JOHN A KNUTSON & CO, PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN A KNUTSON & CO, PLLP — 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 | $62,822 | $51,322 | $11,500 | — | — |
| 2023 | $72,915 | $62,615 | $10,300 | — | — |
| 2022 | $66,267 | — | — | — | $66,267 |