# Southeastern Minnesota Center For Independent Living, INC. 401(k) Plan
Source: https://planprovider.pro/companies/southeastern-minnesota-center-for-independent-living-inc-401k-plan

> Southeastern Minnesota Center For Independent Living, INC.'s 401(k) plan: 392 participants, plan year 2024 financials, providers, and benchmarks from Form 55…

Form 5500 filing data for plan year 2024.

## 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|

| MUTUAL OF AMERICA SEC. CORP LLC|RECORD KEEPER|$24,522|—|$24,522|

| 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](https://planprovider.pro/provider/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:** $24,522

- **Estimated Expense Ratio:** 0.578% 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|$33,111|$1,978|—|—|—|

| 2023|$31,565|—|$31,565|—|—|

| 2022|$32,810|—|$32,810|—|—|

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