Plan Snapshot
- Plan Sponsor: Sparboe Farms, INC.
- Sponsor EIN: 411226123
- Sponsor Address: PO BOX 309, LITCHFIELD, MN, 55355
- Plan Type: 401(k)
- Total Participants: 45
- Total Assets: $7.9M
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 | 45 | $7.9M | $75,725 | $332,221 |
| 2023 | 191 | $10.9M | $133,289 | $557,137 |
| 2022 | 202 | $9.9M | $121,323 | $586,454 |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY 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 | $68,440 | $30,133 | — | — | — |
| 2023 | $69,470 | $29,972 | — | — | — |
| 2022 | $72,918 | — | $31,335 | — | $41,583 |