Plan Snapshot
- Plan Sponsor: Smith Schafer & Associates, Ltd.
- Sponsor EIN: 411489071
- Sponsor Address: 7500 HIGHWAY 55, MINNEAPOLIS, MN, 55427
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $30.1M
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 | 110 | $30.1M | $918,045 | $1.2M |
| 2023 | 101 | $26.2M | $843,759 | $1.2M |
| 2022 | 97 | $23.8M | $731,713 | $989,319 |
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 |
|---|---|---|---|---|
| PORTE BROWN, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PORTE BROWN, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $72,491 | $37,264 | — | — | — |
| 2023 | $65,942 | $44,949 | — | — | — |
| 2022 | $50,228 | — | — | — | — |