Plan Snapshot
- Plan Sponsor: Rockland Industrial Holdings, LLC
- Sponsor EIN: 342062590
- Sponsor Address: 2720 NORTH SERVICE DRIVE, RED WING, MN, 55066
- Plan Type: 401(k)
- Total Participants: 605
- Total Assets: $12.3M
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 | 605 | $12.3M | $201,273 | $589,383 |
| 2023 | 596 | $11.4M | $221,852 | $613,000 |
| 2022 | 624 | $9.3M | $220,714 | $621,018 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | Investment Advisor | $26,710 | — | $26,710 |
| INTELLICENTS, INC. | Investment Advisor | $26,399 | — | $26,399 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — Investment Advisor
- INTELLICENTS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,109
- Estimated Expense Ratio: 0.430% 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 | $53,791 | $26,399 | — | — | — |
| 2023 | $47,494 | $44,969 | — | — | — |
| 2022 | $46,093 | $25,224 | — | — | — |