Plan Snapshot
- Plan Sponsor: River Oaks Of Minnesota
- Sponsor EIN: 832284893
- Sponsor Address: 409 JEFFERSON AVENUE SW, WATERTOWN, MN, 55388
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $1.5M
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 | 91 | $1.5M | $135,252 | $316,541 |
| 2023 | 84 | $1.2M | $133,954 | $300,246 |
| 2022 | 86 | $846,906 | $167,016 | $298,696 |
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 |
|---|---|---|---|---|
| SMITH SCHAFER & ASSOCIATES | Auditor | — | — | $0 |
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 | $18,709 | — | $18,709 | — | — |
| 2023 | $16,180 | — | $16,180 | — | — |
| 2022 | $11,878 | — | $11,878 | — | — |