Plan Snapshot
- Plan Sponsor: Reverence For Life & Concern For People, INC.
- Sponsor EIN: 410969859
- Sponsor Address: 660 18TH STREET, GRANITE FALLS, MN, 56241
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 112
- Total Assets: $4.7M
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 | 112 | $4.7M | $275,302 | $265,898 |
| 2023 | 103 | $4.6M | $250,792 | $226,239 |
| 2022 | 94 | $4.7M | $245,286 | $226,067 |
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 |
|---|---|---|---|---|
| BREMER BANK NATIONAL ASSOCIATION | Custodian / Trustee | $19,012 | — | $19,012 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,012
- Estimated Expense Ratio: 0.409% 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 | $19,012 | — | — | — | — |
| 2023 | $18,364 | — | — | — | — |
| 2022 | $17,890 | — | — | — | $17,890 |