Plan Snapshot
- Plan Sponsor: The Prophet Corporation
- Sponsor EIN: 411362423
- Sponsor Address: 2525 LEMOND ST SW, OWATONNA, MN, 55060
- Plan Type: DC
- Total Participants: 157
- Total Assets: $10.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 157 | $10.7M | $389,219 | $698,583 |
| 2023 | 155 | $9.8M | $296,876 | $675,932 |
| 2022 | 148 | $8.0M | $405,725 | $632,482 |
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 |
|---|---|---|---|---|
| EIDE BAILLY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY — 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 | $59,340 | $24,364 | — | — | — |
| 2023 | $55,047 | $21,798 | — | — | — |
| 2022 | $55,768 | $21,502 | $34,266 | — | — |