Plan Snapshot
- Plan Sponsor: Starkey Laboratories, INC.
- Sponsor EIN: 410913126
- Sponsor Address: 6700 WASHINGTON AVE S, EDEN PRAIRIE, MN, 55344
- Plan Type: 401(k)
- Total Participants: 1,473
- Total Assets: $301.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,473 | $301.1M | $5.8M | $14.2M |
| 2023 | 1,475 | $266.8M | $5.5M | $13.1M |
| 2022 | 1,577 | $227.1M | $5.7M | $13.7M |
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 |
|---|---|---|---|---|
| OLSEN, THIELEN & CO., LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OLSEN, THIELEN & CO., LTD. — 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 | $210,344 | — | $210,344 | — | — |
| 2023 | $209,693 | — | $209,693 | — | — |
| 2022 | $201,609 | — | $201,609 | — | — |