Plan Snapshot
- Plan Sponsor: Semcac
- Sponsor EIN: 410907135
- Sponsor Address: POB 549 204 S ELM ST, RUSHFORD, MN, 559710549
- Plan Type: 401(k)
- Total Participants: 267
- Total Assets: $4.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 267 | $4.9M | $156,621 | $292,288 |
| 2023 | 166 | $5.0M | $152,990 | $275,132 |
| 2022 | 165 | $4.7M | $141,066 | $267,757 |
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 |
|---|---|---|---|---|
| BERGANKDV, LTD | Auditor | $4,600 | — | $4,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERGANKDV, LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,600
- Estimated Expense Ratio: 0.093% 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 | $19,884 | $10,000 | — | $4,600 | — |
| 2023 | $13,703 | $10,000 | — | — | — |
| 2022 | $20,815 | $10,000 | $4,815 | — | $6,000 |