Plan Snapshot
- Plan Sponsor: Scholarship America INC.
- Sponsor EIN: 042296967
- Sponsor Address: 7900 INTERNATIONAL DRIVE, MINNEAPOLIS, MN, 55425
- Plan Type: 403(b)
- Total Participants: 192
- Total Assets: $9.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 192 | $9.6M | $282,249 | $811,637 |
| 2023 | 198 | $8.2M | $311,827 | $783,997 |
| 2022 | 195 | $6.8M | $300,473 | $814,673 |
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 |
|---|---|---|---|---|
| BAKER TILLY, US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY, US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $42,985 | — | $42,585 | — | — |
| 2023 | $30,205 | — | $30,205 | — | — |
| 2022 | $47,071 | — | $47,071 | — | — |