Plan Snapshot
- Plan Sponsor: Securian Financial Group, INC.
- Sponsor EIN: 411919752
- Sponsor Address: 400 NORTH ROBERT STREET, ST PAUL, MN, 551012098
- Plan Type: DB
- Total Participants: 2,702
- Total Assets: $1.2B
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 | 2,702 | $1.2B | $0 | $0 |
| 2023 | 2,810 | $1.2B | $0 | $0 |
| 2022 | 2,476 | $1.1B | $0 | $0 |
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 | Actuary | $504,272 | — | $504,272 |
| AON INVESTMENTS USA INC. | Investment Advisor | $443,114 | — | $443,114 |
| MINNESOTA LIFE INSURANCE COMPANY | Recordkeeper | $378,653 | — | $378,653 |
| AQUILINE FINL SERV III LP | Investment Advisor | $166,531 | — | $166,531 |
| AXIOM ASIA PRIV CAP III LP | Investment Advisor | $84,090 | — | $84,090 |
| HGGC FUND III, LP | Investment Advisor | $65,636 | — | $65,636 |
| AEA SMALL BUSINESS III LP | Investment Advisor | $53,872 | — | $53,872 |
| BISON CAP PARTNERS IV LP | Investment Advisor | $31,811 | — | $31,811 |
| APOGEM HERITAGE VI, LP | Investment Advisor | $20,377 | — | $20,377 |
| GRIDIRON CAPITAL IV LP | Investment Advisor | $18,202 | — | $18,202 |
| LOOMIS SAYLES HIGH YIELD FUND | Investment Advisor | $7,102 | — | $7,102 |
| AXIOM ASIA PRIV CAP II LP | Investment Advisor | $5,861 | — | $5,861 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,779,521
- Estimated Expense Ratio: 0.149% 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 | $2,152,274 | $1,165,673 | — | — | — |
| 2023 | $360,494 | — | — | — | — |
| 2022 | $771,946 | — | — | — | — |