Plan Snapshot
- Plan Sponsor: Options Minnesota, INC.
- Sponsor EIN: 474806471
- Sponsor Address: 4555 ERIN DRIVE SUITE 200, EAGAN, MN, 55122
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 522
- Total Assets: $4.9M
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. |
|---|---|---|---|---|
| 2025 | 522 | $4.9M | $0 | $0 |
| 2024 | 302 | $4.1M | $94,067 | $356,140 |
| 2023 | 286 | $3.7M | $92,116 | $401,042 |
| 2022 | 310 | $3.1M | $112,795 | $405,970 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $46,437 | — | $46,437 |
| CHRISTENSEN GROUP FINANCIAL LLC | Investment Advisor | $21,647 | — | $21,647 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,084
- Estimated Expense Ratio: 1.396% 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 |
|---|---|---|---|---|---|
| 2025 | $404,816 | $23,411 | — | — | — |
| 2024 | $62,911 | $21,087 | — | — | — |
| 2023 | $58,025 | $18,350 | — | — | — |
| 2022 | $67,534 | — | $67,534 | — | — |