Plan Snapshot
- Plan Sponsor: The Waters Senior Living Management
- Sponsor EIN: 472261071
- Sponsor Address: 10900 WAYZATA BLVD, MINNETONKA, MN, 553052026
- Plan Type: 401(k)
- Total Participants: 1,934
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,934 | $10.4M | $545,505 | $1.2M |
| 2023 | 1,315 | $9.4M | $542,085 | $1.1M |
| 2022 | 837 | $7.5M | $469,452 | $988,864 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $38,994 | — | $38,994 |
| CHRISTENSEN GROUP FINANCIAL, LLC | NONE | $22,591 | — | $22,591 |
| WIPFLI, LLP | NONE | $12,500 | — | $12,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- CHRISTENSEN GROUP FINANCIAL, LLC — NONE
- WIPFLI, LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,085
- Estimated Expense Ratio: 0.711% 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 | $59,380 | $22,591 | $36,789 | — | — |
| 2023 | $34,847 | — | $34,847 | — | — |
| 2022 | $25,426 | — | $25,426 | — | — |