Plan Snapshot
- Plan Sponsor: Simonson Properties Company
- Sponsor EIN: 411289033
- Sponsor Address: 2455 12TH ST SE, SAINT CLOUD, MN, 563049705
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $171,539 | $472,033 |
| 2023 | 294 | $16.4M | $641,384 | $1.6M |
| 2022 | 235 | $13.0M | $250,598 | $1.3M |
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 |
|---|---|---|---|---|
| BENEFIT PLANS ADMIN SERVICES, INC. | NONE | $137,178 | — | $137,178 |
| WESTBERG EISCHENS, PLLP | Auditor | $18,882 | — | $18,882 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — NONE
- WESTBERG EISCHENS, PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $156,060
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 | $76,057 | $31,998 | $25,177 | $18,882 | — |
| 2023 | $71,479 | $56,062 | $15,417 | — | — |
| 2022 | $67,993 | — | $67,993 | — | — |