Plan Snapshot
- Plan Sponsor: R.D. Offutt Company
- Sponsor EIN: 814124511
- Sponsor Address: 225 BROADWAY NORTH, FARGO, ND, 58102
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 6,727
- Total Assets: $702.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 6,727 | $702.2M | $0 | $0 |
| 2024 | 5,284 | $592.0M | $18.6M | $41.5M |
| 2023 | 5,212 | $501.3M | $17.4M | $38.7M |
| 2022 | 4,790 | $402.8M | $16.2M | $36.1M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | Other Service Provider | $424,584 | — | $424,584 |
| CAPFINANCIAL PARTNERS LLC | Other Service Provider | $76,576 | — | $76,576 |
| IGRAD, LLC | Other Service Provider | $36,400 | — | $36,400 |
| EIDEBAILLY LLP | Other Service Provider | $18,795 | — | $18,795 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $556,355
- Estimated Expense Ratio: 0.079% 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 |
|---|---|---|---|---|---|
| 2025 | $59,982,631 | $76,576 | — | $18,795 | — |
| 2024 | $743,378 | $274,346 | — | $17,105 | — |
| 2023 | $751,003 | $272,180 | — | $15,500 | — |
| 2022 | $855,162 | $70,078 | — | — | $240,650 |