# Truenorth Companies, L.C. 401(k) Plan
Source: https://planprovider.pro/companies/true-north-companies-l-c-401k-plan

> Truenorth Companies, L.C.'s 401(k) plan: 331 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [MESIROW FINANCIAL, INC.](https://planprovider.pro/provider/mesirow-financial-investment-management-inc) — INVESTMENT ADVISORY - PL

- [BGHN ASSOCIATES, P.C.](https://planprovider.pro/provider/bghn-associates-pc) — 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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/true-north-companies-l-c-401k-plan)

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