Plan Snapshot
- Plan Sponsor: Roers Companies
- Sponsor EIN: 814415650
- Sponsor Address: TWO CARLSON PARKWAY NORTH, SUITE 40, PLYMOUTH, MN, 55447
- Plan Type: 401(k)
- Total Participants: 348
- Total Assets: $8.9M
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 | 348 | $8.9M | $958,002 | $2.1M |
| 2023 | 258 | $6.0M | $626,886 | $1.4M |
| 2022 | 188 | $2.6M | $278,878 | $748,413 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $57,646 | — | $57,646 |
| BGM CPA LCC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BGM CPA LCC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,646
- Estimated Expense Ratio: 0.644% 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 | $57,646 | — | $57,646 | — | — |
| 2023 | $39,509 | — | $39,509 | — | — |
| 2022 | — | — | — | — | — |