Plan Snapshot
- Plan Sponsor: Pension Committee Under Twin City Hospitals - Minnesota Nurses
- Sponsor EIN: 416184922
- Sponsor Address: 3001 METRO DRIVE SUITE 500, BLOOMINGTON, MN, 554251617
- Plan Type: DB
- Total Participants: 16,212
- Total Assets: $2.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 16,212 | $2.4B | $109.4M | $0 |
| 2023 | 16,348 | $2.2B | $120.5M | $0 |
| 2022 | 15,517 | $1.9B | $124.4M | $0 |
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 |
|---|---|---|---|---|
| WELLINGTON TRUST | Other Service Provider | $2,693,913 | — | $2,693,913 |
| AUDAX MANAGEMENT COMPANY | Other Service Provider | $1,047,820 | — | $1,047,820 |
| RREEF AMERICA LLC | Other Service Provider | $671,753 | — | $671,753 |
| BLACKSTONE ALTERNATIVE CREDIT ADVIS | Other Service Provider | $425,867 | $56,971 | $482,838 |
| SIT INVESTMENT ASSOCIATES | Other Service Provider | $431,473 | — | $431,473 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $410,251 | — | $410,251 |
| KILTEARN PARTNERS, LLP | Other Service Provider | $379,524 | — | $379,524 |
| MERCER PAVILION | Other Service Provider | $373,649 | — | $373,649 |
| THE SEGAL COMPANY | Other Service Provider | $195,488 | — | $195,488 |
| PRINCIPAL, N.A. | Recordkeeper | $124,996 | — | $124,996 |
| CLIFTONLARSONALLEN LLP | Auditor | $85,200 | — | $85,200 |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | Other Service Provider | $53,763 | — | $53,763 |
| PIMCO | Other Service Provider | $39,822 | — | $39,822 |
| US BANK | Other Service Provider | $32,515 | — | $32,515 |
| CRESTLINE SPECIALTY L.P. | Other Service Provider | $17,091 | — | $17,091 |
| CASTLELAKE L.P. | Other Service Provider | $10,958 | — | $10,958 |
| THE MAREK GROUP | Other Service Provider | $10,399 | — | $10,399 |
| HONSA BINDER | Other Service Provider | $9,494 | — | $9,494 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRINCIPAL, N.A. — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,070,947
- Estimated Expense Ratio: 0.297% 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 | $8,457,564 | $6,149,733 | $357,751 | $85,200 | — |
| 2023 | $5,668,192 | $3,348,234 | $322,717 | $81,000 | — |
| 2022 | $4,360,536 | $2,023,857 | $325,897 | — | $682,283 |