Plan Snapshot
- Plan Sponsor: Trussbilt, LLC
- Sponsor EIN: 201525403
- Sponsor Address: 555 LINCOLN AVE NW, HURON, SD, 57350
- Plan Type: 401(k)
- Total Participants: 289
- Total Assets: $7.7M
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 | 289 | $7.7M | $83,571 | $452,078 |
| 2023 | 278 | $8.1M | $87,377 | $443,351 |
| 2022 | 306 | $7.4M | $87,311 | $472,743 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $29,364 | — | $29,364 |
| RIA ADVISORY GROUP, LLC | INVESTMENT ADVISORY | $17,515 | $11 | $17,526 |
| DEFINITI, LLC | CONTRACT ADMINISTRATOR | $4,718 | $7,160 | $11,878 |
| ELO PROF LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELO PROF LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,768
- Estimated Expense Ratio: 0.762% 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 | $51,597 | $17,515 | $34,082 | — | — |
| 2023 | $45,247 | $16,996 | $28,251 | — | — |
| 2022 | $55,479 | $18,202 | $37,277 | — | — |