Plan Snapshot
- Plan Sponsor: Taylor Corporation
- Sponsor EIN: 410852411
- Sponsor Address: 1725 ROE CREST DRIVE, NORTH MANKATO, MN, 560031807
- Plan Type: 401(k)
- Total Participants: 8,381
- Total Assets: $910.3M
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 | 8,381 | $910.3M | $11.9M | $46.7M |
| 2023 | 8,204 | $845.6M | $12.5M | $46.5M |
| 2022 | 8,560 | $736.0M | $8.8M | $41.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $346,024 | — | $346,024 |
| CAPTRUST FINANCIAL ADVISORS | INVESTMENT ADVISOR | $103,750 | — | $103,750 |
| EIDE BAILLY | ACCOUNTANT | $30,500 | — | $30,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- EIDE BAILLY — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $480,274
- Estimated Expense Ratio: 0.053% 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 | $480,274 | $103,750 | $2,100 | $30,500 | — |
| 2023 | $525,089 | $85,000 | $2,100 | $27,790 | — |
| 2022 | $336,088 | — | — | — | — |