Plan Snapshot
- Plan Sponsor: Rydell Auto Center, INC.
- Sponsor EIN: 450236743
- Sponsor Address: PO BOX 13398, GRAND FORKS, ND, 58208
- Plan Type: 401(k)
- Total Participants: 290
- Total Assets: $22.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 290 | $22.3M | $478,338 | $1.1M |
| 2023 | 265 | $18.8M | $416,661 | $990,468 |
| 2022 | 260 | $16.8M | $423,031 | $951,505 |
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 | NONE | $69,255 | — | $69,255 |
| ALERUS INVESTMENT ADVISORS | NONE | $10,236 | — | $10,236 |
| BRADY MARTZ & ASSOCIATES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 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: $79,491
- Estimated Expense Ratio: 0.357% 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 | $79,491 | $10,236 | — | — | — |
| 2023 | $67,160 | $13,479 | — | — | — |
| 2022 | $74,123 | $15,744 | — | — | — |