# Strata Corporation 401(k) Plan
Source: https://planprovider.pro/companies/strata-corporation-401k-plan

> Strata Corporation's 401(k) plan: 708 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Strata Corporation

- **Sponsor EIN:** 450276869

- **Sponsor Address:** PO BOX 13500, GRAND FORKS, ND, 582083500

- **Plan Type:** 401(k)

- **Total Participants:** 708

- **Total Assets:** $59.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **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|708|$59.4M|$315,762|$2.7M|

| 2023|638|$54.1M|$324,950|$2.6M|

| 2022|652|$50.1M|$331,946|$2.3M|

## 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|

| ALERUS FINANCIAL, N.A.|NONE|$128,064|—|$128,064|

| ALERUS INVESTMENT ADVISORS, INC.|NONE|$8,619|—|$8,619|

| BRADY, MARTZ & ASSOCIATES, P.C.|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

- [BRADY, MARTZ & ASSOCIATES, P.C.](https://planprovider.pro/provider/brady-martz-and-associates-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $136,683

- **Estimated Expense Ratio:** 0.230% 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|$135,722|$8,619|—|—|—|

| 2023|$141,381|$8,596|—|—|—|

| 2022|$137,450|$137,450|—|—|—|

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