Plan Snapshot
- Plan Sponsor: Northwestern Health Sciences University
- Sponsor EIN: 410684657
- Sponsor Address: 2501 WEST 84TH STREET, BLOOMINGTON, MN, 55431
- Plan Type: 403(b)
- Total Participants: 232
- Total Assets: $41.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 232 | $41.5M | $579,903 | $1.4M |
| 2023 | 225 | $38.5M | $613,561 | $1.5M |
| 2022 | 245 | $36.2M | $608,106 | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $106,168 | — | $106,168 |
| MMA SECURITIES LLC | Investment Advisor | — | $48,977 | $48,977 |
| TAX SHELTERED COMPENSATION, INC. | Other Service Provider | — | $24,291 | $24,291 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $179,436
- Estimated Expense Ratio: 0.432% 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 | $108,277 | — | $108,277 | — | — |
| 2023 | $93,481 | — | $93,481 | — | — |
| 2022 | $99,256 | — | $99,256 | — | — |