Plan Snapshot
- Plan Sponsor: Northern Improvement Company
- Sponsor EIN: 450262344
- Sponsor Address: P.O. BOX 2846, FARGO, ND, 581082846
- Plan Type: 401(k)
- Total Participants: 299
- Total Assets: $41.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 299 | $41.9M | $855,644 | $1.5M |
| 2023 | 290 | $36.8M | $846,599 | $1.5M |
| 2022 | 309 | $32.9M | $732,753 | $1.4M |
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 |
|---|---|---|---|---|
| ASCENSUS | Other Service Provider | $71,559 | — | $71,559 |
| UBS FINANCIAL SERVICES INC | Recordkeeper | $42,744 | — | $42,744 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,303
- Estimated Expense Ratio: 0.273% 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 | $114,303 | — | $114,303 | — | — |
| 2023 | $98,028 | — | $98,028 | — | — |
| 2022 | $99,196 | — | $99,196 | — | — |