Plan Snapshot
- Plan Sponsor: Tak Broadband, LLC
- Sponsor EIN: 200720874
- Sponsor Address: 4401 S. TECHNOLOGY DRIVE, SUITE 3, SIOUX FALLS, SD, 57106
- Plan Type: 401(k)
- Total Participants: 592
- Total Assets: $6.8M
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 | 592 | $6.8M | $358,550 | $1.2M |
| 2023 | 650 | $4.8M | $296,830 | $1.0M |
| 2022 | 711 | $3.5M | $252,705 | $868,254 |
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 |
|---|---|---|---|---|
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US 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 | $43,678 | — | $43,678 | — | — |
| 2023 | $35,958 | — | $35,958 | — | — |
| 2022 | $28,489 | — | $28,489 | — | — |