Plan Snapshot
- Plan Sponsor: Options Minnesota, INC.
- Sponsor EIN: 474806471
- Sponsor Address: 615 W TRAVELERS TRAIL, BURNSVILLE, MN, 55337
- Plan Type: 401(k)
- Total Participants: 302
- Total Assets: $4.1M
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 | 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 |
|---|---|---|---|---|
| ABDO | Auditor | — | — | $0 |
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 | $62,911 | $21,087 | — | — | — |
| 2023 | $58,025 | $18,350 | — | — | — |
| 2022 | $67,534 | — | $67,534 | — | — |