Plan Snapshot
- Plan Sponsor: Sanco Enterprises
- Sponsor EIN: 352522590
- Sponsor Address: 1030 COUNTY ROAD E WEST, SHOREVIEW, MN, 55126
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 152
- Total Assets: $522,794
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 152 | $522,794 | $1.8M | $439,503 |
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 |
|---|---|---|---|---|
| RAM BENEFITS | Investment Advisor | $58,835 | — | $58,835 |
| THE BENECON GROUP | Investment Advisor | $26,459 | — | $26,459 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $11,515 | — | $11,515 |
| CONNECTCARE3 | Other Service Provider | $9,178 | — | $9,178 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,987
- Estimated Expense Ratio: 20.273% 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 | $105,987 | — | $105,987 | — | — |