# Torgerson Properties, INC. Dba Tpi Hospitality 401(k) Plan
Source: https://planprovider.pro/companies/torgerson-properties-inc-dba-tpi-hospitality-401k-plan

> Torgerson Properties, INC. Dba Tpi Hospitality's 401(k) plan: 564 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/intellicents-inc) — NONE

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

## Similar Plans

- [Concourse Hotel INC](https://planprovider.pro/companies/concourse-hotel-inc-401k-plan) — 541 participants

- [Joint Board Of Trustees Of Local 17](https://planprovider.pro/companies/joint-board-of-trustees-of-local-17-plan) — 236 participants

- [Burwell Enterprises, LLC](https://planprovider.pro/companies/burwell-enterprises-llc-401k-plan) — 212 participants

- [Five Lions, LLC Dba Labovitz Enterprises](https://planprovider.pro/companies/five-lions-inc-401k-plan) — 131 participants

- [Armstronglow, INC.](https://planprovider.pro/companies/armstronglow-inc-401k-plan) — 7 participants

- [Doug N Ruthann'S Adventures, INC.](https://planprovider.pro/companies/doug-n-ruthann-s-adventures-inc-401k-plan) — 5 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/torgerson-properties-inc-dba-tpi-hospitality-401k-plan)

© 2026 PlanProvider.Pro