Plan Snapshot
- Plan Sponsor: Truenorth Companies, L.C.
- Sponsor EIN: 421513015
- Sponsor Address: 500 1ST ST. SE, CEDAR RAPIDS, IA, 52401
- Plan Type: 401(k)
- Total Participants: 331
- Total Assets: $62.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 331 | $62.5M | $1.3M | $2.7M |
| 2023 | 309 | $53.7M | $1.3M | $2.6M |
| 2022 | 344 | $43.3M | $1.1M | $2.4M |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORDKEEPER | $72,635 | — | $72,635 |
| MESIROW FINANCIAL, INC. | INVESTMENT ADVISORY - PL | $11,702 | — | $11,702 |
| BGHN ASSOCIATES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORDKEEPER
- MESIROW FINANCIAL, INC. — INVESTMENT ADVISORY - PL
- BGHN ASSOCIATES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,337
- Estimated Expense Ratio: 0.135% 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 | $101,825 | — | $101,825 | — | — |
| 2023 | $66,406 | $9,661 | — | — | — |
| 2022 | $81,228 | $8,837 | — | — | — |