Plan Snapshot
- Plan Sponsor: Poet Biorefining LLC
- Sponsor EIN: 474454378
- Sponsor Address: 4615 NORTH LEWIS AVENUE, SIOUX FALLS, SD, 57104
- Plan Type: 401(k)
- Total Participants: 2,397
- Total Assets: $265.7M
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 | 2,397 | $265.7M | $8.2M | $17.8M |
| 2023 | 2,345 | $219.1M | $6.2M | $16.1M |
| 2022 | 2,218 | $171.8M | $4.3M | $12.3M |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | $63,612 | — | $63,612 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,612
- Estimated Expense Ratio: 0.024% 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 | $240,886 | $33,403 | $143,871 | $63,612 | — |
| 2023 | $169,911 | $54,086 | $115,825 | — | — |
| 2022 | $134,780 | $44,387 | $90,393 | — | — |