Plan Snapshot
- Plan Sponsor: Schwans Shared Services, LLC
- Sponsor EIN: 810572771
- Sponsor Address: 8500 NORMANDALE BLVD, STE 2000, BLOOMINGTON, MN, 55437
- Plan Type: 401(k)
- Total Participants: 9,135
- Total Assets: $632.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 9,135 | $632.3M | $13.9M | $28.6M |
| 2023 | 8,706 | $570.9M | $12.9M | $25.4M |
| 2022 | 5,753 | $489.5M | $7.5M | $19.9M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $39,691 | — | $39,691 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,691
- Estimated Expense Ratio: 0.006% 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 | $1,085,272 | $446,833 | — | $39,691 | — |
| 2023 | $1,384,518 | $592,474 | — | $36,259 | — |
| 2022 | $1,388,907 | $886,168 | — | — | $502,739 |