Plan Snapshot
- Plan Sponsor: Sfm Mutual Insurance Company
- Sponsor EIN: 411459789
- Sponsor Address: 3500 AMERICAN BLVD WEST, SUITE 700, BLOOMINGTON, MN, 55431
- Plan Type: 401(k)
- Total Participants: 353
- Total Assets: $91.7M
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 | 353 | $91.7M | $1.6M | $3.7M |
| 2023 | 336 | $81.4M | $1.5M | $3.6M |
| 2022 | 307 | $73.2M | $1.4M | $3.3M |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | ADVISOR / INVST ADVISOR | $42,000 | — | $42,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $35,155 | — | $35,155 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $29,482 | — | $29,482 |
| NFP RETIREMENT | CONSULTANT | $14,743 | — | $14,743 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — ADVISOR / INVST ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- NFP RETIREMENT — CONSULTANT
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,380
- Estimated Expense Ratio: 0.132% 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 | $121,380 | $77,155 | — | — | — |
| 2023 | $105,299 | $81,257 | — | — | — |
| 2022 | $126,819 | $31,819 | — | — | — |