Plan Snapshot
- Plan Sponsor: Procare Hr Corporation I
- Sponsor EIN: 411965469
- Sponsor Address: 401 NORTH 3RD STREET, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Total Participants: 5,404
- Total Assets: $49.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,404 | $49.1M | $2.8M | $5.8M |
| 2023 | 4,159 | $36.1M | $1.9M | $4.1M |
| 2022 | 3,317 | $26.9M | $1.5M | $3.2M |
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 |
|---|---|---|---|---|
| SLAVIC INTEGRATED ADMINISTRATION | TPA | $403,935 | — | $403,935 |
| PROCARE HR CORPORATION I | PLAN ADMINISTRATOR | $80,096 | — | $80,096 |
| SLAVIC MUTUAL FUND MANGEMENT | INVESTMENT MGMT | $67,644 | — | $67,644 |
| JASON F. CLAUSEN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $551,675
- Estimated Expense Ratio: 1.124% 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 | $551,675 | $67,644 | $484,031 | — | — |
| 2023 | $381,752 | $38,044 | $343,708 | — | — |
| 2022 | $306,993 | $30,778 | $276,215 | — | — |