Plan Snapshot
- Plan Sponsor: Torgerson Properties, INC. Dba Tpi Hospitality
- Sponsor EIN: 410991920
- Sponsor Address: 103 15TH AVENUE NW, SUITE 200, WILLMAR, MN, 56201
- Plan Type: 401(k)
- Total Participants: 564
- Total Assets: $16.6M
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 | 564 | $16.6M | $362,678 | $972,834 |
| 2023 | 673 | $14.6M | $354,632 | $928,672 |
| 2022 | 603 | $11.6M | $325,255 | $862,271 |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $41,986 | — | $41,986 |
| SWEET FINANCIAL PARTNERS | NONE | $37,148 | — | $37,148 |
| LB CARLSON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
- LB CARLSON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,134
- Estimated Expense Ratio: 0.476% 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 | $79,134 | $37,148 | — | — | — |
| 2023 | $72,340 | $33,654 | — | — | — |
| 2022 | $68,690 | $32,260 | — | — | — |