Plan Snapshot
- Plan Sponsor: Scott Equipment Company
- Sponsor EIN: 410904660
- Sponsor Address: 605 4TH AVENUE NW, NEW PRAGUE, MN, 56071
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $24.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- 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 | 154 | $24.2M | $772,466 | $889,784 |
| 2023 | 164 | $21.6M | $716,219 | $816,647 |
| 2022 | 104 | $18.1M | $336,204 | $704,518 |
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 |
|---|---|---|---|---|
| BOMBERG, HANSON & ASSOCIATES, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOMBERG, HANSON & ASSOCIATES, LLC — 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 | $88,574 | $57,070 | $31,504 | — | — |
| 2023 | $73,267 | $38,497 | $34,770 | — | — |
| 2022 | $86,681 | — | $86,681 | — | — |