Plan Snapshot
- Plan Sponsor: Profinium Financial Holdings, INC.
- Sponsor EIN: 411470223
- Sponsor Address: 105 LAKE AVENUE, FAIRMONT, MN, 56031
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $15.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 89 | $15.5M | $340,062 | $643,925 |
| 2023 | 98 | $14.7M | $446,607 | $695,105 |
| 2022 | 93 | $12.6M | $445,879 | $634,891 |
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 |
|---|---|---|---|---|
| WIPFLI, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI, LLP — Auditor
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 | $30,005 | — | — | — | — |
| 2023 | $38,536 | — | $38,536 | — | — |
| 2022 | $30,722 | — | $30,722 | — | — |