Plan Snapshot
- Plan Sponsor: Southeastern Minnesota Center For Independent Living, INC.
- Sponsor EIN: 411387414
- Sponsor Address: 2200 2ND ST SW, ROCHESTER, MN, 55902
- Plan Type: 401(k)
- Total Participants: 392
- Total Assets: $4.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 392 | $4.2M | $97,463 | $269,426 |
| 2023 | 208 | $3.7M | $124,765 | $286,536 |
| 2022 | 322 | $3.2M | $120,296 | $262,159 |
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 |
|---|---|---|---|---|
| HAWKINS ASH CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAWKINS ASH CPAS, LLP — 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 | $33,111 | $1,978 | — | — | — |
| 2023 | $31,565 | — | $31,565 | — | — |
| 2022 | $32,810 | — | $32,810 | — | — |