Plan Snapshot
- Plan Sponsor: Touchstone Mental Health
- Sponsor EIN: 411920740
- Sponsor Address: 2312 SNELLING AVENUE, MINNEAPOLIS, MN, 55404
- Plan Type: 401(k)
- Total Participants: 202
- Total Assets: $5.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 202 | $5.8M | $278,582 | $590,772 |
| 2023 | 206 | $5.5M | $228,913 | $601,104 |
| 2022 | 214 | $4.9M | $208,482 | $589,926 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $35,979 | — | $35,979 |
| MMA SECURITIES LLC | Investment Advisor | $17,386 | — | $17,386 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,987 | — | $7,987 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,352
- Estimated Expense Ratio: 1.055% 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 | $61,352 | $25,373 | — | — | — |
| 2023 | $55,351 | $23,662 | — | — | — |
| 2022 | $55,234 | $22,541 | $32,693 | — | — |