Plan Snapshot
- Plan Sponsor: Rochester Motor Company, INC.
- Sponsor EIN: 911992856
- Sponsor Address: 4900 HIGHWAY 52 NORTH, ROCHESTER, MN, 55901
- Plan Type: 401(k)
- Total Participants: 516
- Total Assets: $14.8M
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 | 516 | $14.8M | $262,610 | $1.5M |
| 2023 | 515 | $12.6M | $253,755 | $1.3M |
| 2022 | 445 | $10.0M | $278,406 | $1.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS | RECORDKEEPER | $42,681 | — | $42,681 |
| NORTHWESTERN MUTUAL WEALTH MGMT | ADVISOR | $32,600 | — | $32,600 |
| ASCENSUS HOLDINGS, INC. | PLAN ADMIN | $23,508 | — | $23,508 |
| BRADY MARTZ & ASSOCIATES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS — RECORDKEEPER
- NORTHWESTERN MUTUAL WEALTH MGMT — ADVISOR
- ASCENSUS HOLDINGS, INC. — PLAN ADMIN
- BRADY MARTZ & ASSOCIATES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,789
- Estimated Expense Ratio: 0.667% 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 | $101,503 | — | $101,503 | — | — |
| 2023 | $77,469 | — | $77,469 | — | — |
| 2022 | $81,447 | $715 | $34,921 | — | — |