Plan Snapshot
- Plan Sponsor: Sagitec Solutions, LLC
- Sponsor EIN: 200970684
- Sponsor Address: 422 COUNTRY ROAD D EAST, LITTLE CANADA, MN, 55117
- Plan Type: 401(k)
- Total Participants: 389
- Total Assets: $56.6M
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 | 389 | $56.6M | $1.8M | $4.1M |
| 2023 | 391 | $48.1M | $1.8M | $4.0M |
| 2022 | 385 | $36.7M | $1.6M | $3.5M |
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 | $206,521 | — | $206,521 |
| EDWARD JONES | INVESTMENT ADVISORY | — | $98,917 | $98,917 |
| ABDO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $305,438
- Estimated Expense Ratio: 0.539% 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 | $206,521 | — | $206,521 | — | — |
| 2023 | $161,069 | — | $161,069 | — | — |
| 2022 | $11,451 | — | $11,451 | — | — |