# Simonson Properties Company 401(k) Plan
Source: https://planprovider.pro/companies/simonson-properties-company-401k-plan

> Simonson Properties Company's 401(k) plan: 0 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## 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.](https://planprovider.pro/provider/bpas) — NONE

- [WESTBERG EISCHENS, PLLP](https://planprovider.pro/provider/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|—|—|

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