Plan Snapshot
- Plan Sponsor: Omni Workspace Company LLC
- Sponsor EIN: 273121614
- Sponsor Address: 1300 WASHINGTON AVE N, MINNEAPOLIS, MN, 55411
- Plan Type: 401(k)
- Total Participants: 477
- Total Assets: $55.5M
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 | 477 | $55.5M | $908,202 | $3.1M |
| 2023 | 391 | $48.4M | $746,154 | $2.7M |
| 2022 | 396 | $40.5M | $608,591 | $2.3M |
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 |
|---|---|---|---|---|
| ABBEY STREET, LLC | INVESTMENT/FINANCIAL ADVI | $23,995 | — | $23,995 |
| ADP, INC. | RECORD KEEPER | $16,363 | — | $16,363 |
| OLSEN THIELEN & CO LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- 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: $40,358
- Estimated Expense Ratio: 0.073% 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 | $32,929 | $25,981 | — | — | — |
| 2023 | $11,810 | $6,582 | — | — | — |
| 2022 | $11,217 | — | — | — | — |