Plan Snapshot
- Plan Sponsor: The Imagine Group
- Sponsor EIN: 411612906
- Sponsor Address: 1000 VALLEY PARK DRIVE, SHAKOPEE, MN, 55379
- Plan Type: 401(k)
- Total Participants: 1,342
- Total Assets: $116.4M
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 | 1,342 | $116.4M | $2.0M | $6.9M |
| 2023 | 1,224 | $101.9M | $2.0M | $6.5M |
| 2022 | 1,211 | $89.0M | $1.5M | $6.0M |
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 | $219,501 | — | $219,501 |
| MERCER INVESTMENTS | INV ADV, PARTICIPANTS | $56,157 | — | $56,157 |
| CLIFTONLARSONALLEN LLP | ACCOUNTANT | $18,375 | — | $18,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $294,033
- Estimated Expense Ratio: 0.253% 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 | $295,389 | $56,157 | $219,501 | — | — |
| 2023 | $299,986 | $87,030 | $195,946 | — | — |
| 2022 | $271,505 | $74,903 | $196,563 | — | — |