# Northern Metal Products 401(k) Plan
Source: https://planprovider.pro/companies/northern-metal-products-401k-plan

> Northern Metal Products's 401(k) plan: 160 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Northern Metal Products

- **Sponsor EIN:** 411784229

- **Sponsor Address:** 6601 RIDGEWOOD RD, SAINT CLOUD, MN, 56303

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

- **Total Participants:** 160

- **Total Assets:** $16.2M

## 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|160|$16.2M|$341,145|$812,967|

| 2023|161|$14.1M|$337,805|$767,739|

| 2022|173|$11.5M|$376,774|$818,500|

## 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|

| CETERA INVESTMENT ADVISORS LLC|ADVISOR|$36,186|—|$36,186|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$28,675|—|$28,675|

| BERGANKDV, LTD|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [BERGANKDV, LTD](https://planprovider.pro/provider/bergankdv-ltd) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $64,861

- **Estimated Expense Ratio:** 0.399% 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|$65,663|$36,988|—|—|—|

| 2023|$55,674|$30,909|—|—|—|

| 2022|$55,862|$189|—|—|—|

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