Plan Snapshot
- Plan Sponsor: Board Of Trustees, Minneapolis Retail Meat Cutters And
- Sponsor EIN: 832598425
- Sponsor Address: 3001 METRO DR STE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Total Participants: 3,535
- Total Assets: $28.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,535 | $28.7M | $4.4M | $0 |
| 2023 | 3,247 | $22.6M | $4.7M | $0 |
| 2022 | 3,512 | $15.9M | $4.7M | $0 |
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 |
|---|---|---|---|---|
| THE SEGAL COMPANY | Other Service Provider | $224,655 | — | $224,655 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $206,400 | — | $206,400 |
| SLEVIN & HART, P.C | ERISA Attorney | $51,186 | — | $51,186 |
| MORGAN, LEWIS, & BOCKIUS LLP | ERISA Attorney | $41,336 | — | $41,336 |
| LEGACY PROFESSIONALS LLP | Auditor | $19,993 | — | $19,993 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | $2,793 | $6,716 | $9,509 |
| SEGAL MARCOS ADVISORS | Other Service Provider | $7,239 | — | $7,239 |
| BMO HARRIS BANK NA | Other Service Provider | $5,246 | — | $5,246 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN & HART, P.C — ERISA Attorney
- MORGAN, LEWIS, & BOCKIUS LLP — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $565,564
- Estimated Expense Ratio: 1.970% 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 | $697,110 | $7,239 | $206,400 | $19,993 | — |
| 2023 | $506,379 | $10,394 | $198,000 | $19,000 | — |
| 2022 | $491,696 | $12,743 | $192,000 | — | $142,042 |