Plan Snapshot
- Plan Sponsor: Rommesmo Companies
- Sponsor EIN: 113664772
- Sponsor Address: 4401 MAIN AVE, FARGO, ND, 58103
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,143
- Total Assets: $68.6M
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. |
|---|---|---|---|---|
| 2025 | 1,143 | $68.6M | $0 | $0 |
| 2024 | 817 | $57.5M | $2.0M | $4.2M |
| 2023 | 750 | $51.5M | $1.8M | $3.6M |
| 2022 | 745 | $41.7M | $1.7M | $3.2M |
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 INSTITUTIONAL | Recordkeeper | $93,951 | — | $93,951 |
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | $58,836 | — | $58,836 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,787
- Estimated Expense Ratio: 0.223% 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 |
|---|---|---|---|---|---|
| 2025 | $6,096,476 | $58,836 | — | — | — |
| 2024 | $148,015 | $63,654 | — | — | — |
| 2023 | $130,504 | $56,595 | — | — | — |
| 2022 | $130,421 | — | — | — | — |