Plan Snapshot
- Plan Sponsor: Superior Companies Of Minnesota INC
- Sponsor EIN: 411627971
- Sponsor Address: 1244 60TH AVENUE NW, ROCHESTER, MN, 55901
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $12.9M
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 | 118 | $12.9M | $240,162 | $495,333 |
| 2023 | 126 | $11.8M | $262,478 | $511,047 |
| 2022 | 115 | $9.9M | $221,051 | $487,338 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $43,366 | — | $43,366 |
| WESTBERG EISCHENS PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- WESTBERG EISCHENS PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,366
- Estimated Expense Ratio: 0.335% 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 | $3,135 | — | $3,135 | — | — |
| 2023 | $3,085 | — | $3,085 | — | — |
| 2022 | $3,912 | — | $3,912 | — | — |