Plan Snapshot
- Plan Sponsor: Northland Hearing Centers, INC.
- Sponsor EIN: 204914238
- Sponsor Address: 6425 FLYING CLOUD DRIVE, EDEN PRARIE, MN, 553443305
- Plan Type: 401(k)
- Total Participants: 726
- Total Assets: $27.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 726 | $27.7M | $847,668 | $3.5M |
| 2023 | 710 | $23.2M | $792,873 | $3.2M |
| 2022 | 751 | $18.0M | $747,691 | $2.9M |
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 |
|---|---|---|---|---|
| OLSEN, THIELEN & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OLSEN, THIELEN & CO., LTD. — 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 | $105,277 | — | $105,277 | — | — |
| 2023 | $82,851 | — | $82,851 | — | — |
| 2022 | $73,231 | — | $73,231 | — | — |