# Trustees Of South Central Minnesota Elec Workers Retirement And 401(K) 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-south-central-minnesota-elec-workers-retirement-and-401-k-plan

> Trustees Of South Central Minnesota Elec Workers Retirement And 401(K)'s 401(k) plan: 1,577 participants, plan year 2024 financials, providers, and benchmark…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Trustees Of South Central Minnesota Elec Workers Retirement And 401(K)

- **Sponsor EIN:** 411390063

- **Sponsor Address:** 3001 METRO DRIVE SUITE 500, BLOOMINGTON, MN, 554251617

- **Plan Type:** 401(k)

- **Total Participants:** 1,577

- **Total Assets:** $306.6M

## 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|1,577|$306.6M|$0|$0|

| 2023|1,480|$266.1M|$0|$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|

| LEGACY PROFESSIONALS LLP|Auditor|$17,535|—|$17,535|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/legacy-professionals-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $17,535

- **Estimated Expense Ratio:** 0.006% 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|$286,099|$38,692|$80,383|$17,535|—|

| 2023|$271,552|$33,000|$173,787|—|$42,951|

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