# The Waters Senior Living Management 401(k) Plan
Source: https://planprovider.pro/companies/the-waters-senior-living-management-401k-plan

> The Waters Senior Living Management's 401(k) plan: 1,934 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [CHRISTENSEN GROUP FINANCIAL, LLC](https://planprovider.pro/provider/christensen-group-financial-llc) — NONE

- [WIPFLI, LLP](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/the-waters-senior-living-management-401k-plan)

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