Plan Snapshot
- Plan Sponsor: The Bernard Group, INC.
- Sponsor EIN: 411944077
- Sponsor Address: 19011 LAKE DRIVE EAST, CHANHASSEN, MN, 553179322
- Plan Type: 401(k)
- Total Participants: 940
- Total Assets: $58.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 940 | $58.2M | $2.3M | $5.0M |
| 2023 | 897 | $47.5M | $2.1M | $4.5M |
| 2022 | 823 | $35.5M | $1.8M | $4.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $108,354 | — | $108,354 |
| CHRISTENSEN GROUP FINANCIAL, LLC | INVESTMENT ADVISORY | — | $25,000 | $25,000 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHRISTENSEN GROUP FINANCIAL, LLC — INVESTMENT ADVISORY
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,354
- Estimated Expense Ratio: 0.229% 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 | $108,415 | — | $108,415 | — | — |
| 2023 | $101,481 | — | $101,481 | — | — |
| 2022 | $89,393 | — | $89,393 | — | — |