# Smith Schafer & Associates, Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/smith-schafer-and-associates-ltd-401k-plan

> Smith Schafer & Associates, Ltd.'s 401(k) plan: 110 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| MARINER, LLC|NONE|$37,264|—|$37,264|

| ALERUS FINANCIAL, N.A.|NONE|$35,227|—|$35,227|

| PORTE BROWN, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [PORTE BROWN, LLC](https://planprovider.pro/provider/porte-brown-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $72,491

- **Estimated Expense Ratio:** 0.241% 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|$72,491|$37,264|—|—|—|

| 2023|$65,942|$44,949|—|—|—|

| 2022|$50,228|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/smith-schafer-and-associates-ltd-401k-plan)

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