Plan Snapshot
- Plan Sponsor: Red Wing Shoe Company, INC.
- Sponsor EIN: 410498220
- Sponsor Address: 314 MAIN STREET, RED WING, MN, 55066
- Plan Type: 401(k)
- Total Participants: 1,910
- Total Assets: $190.8M
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 | 1,910 | $190.8M | $3.8M | $10.0M |
| 2023 | 2,010 | $184.6M | $3.6M | $9.9M |
| 2022 | 2,047 | $158.6M | $2.7M | $8.7M |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | $39,707 | — | $39,707 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,707
- Estimated Expense Ratio: 0.021% 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 | $350,936 | $125,000 | — | $39,707 | — |
| 2023 | $338,945 | $125,000 | — | $26,993 | — |
| 2022 | $359,580 | $125,000 | — | — | $53,082 |