Plan Snapshot
- Plan Sponsor: Twin Cities Bakery Drivers Health & Welfare Fund
- Sponsor EIN: 416027254
- Sponsor Address: 2919 EAGANDALE BLVD SUITE 120, EAGAN, MN, 55121
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,163
- Total Assets: $37.8M
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 | 1,163 | $37.8M | $21.8M | $74,106 |
| 2023 | 1,161 | $35.8M | $22.0M | $137,475 |
| 2022 | 1,162 | $30.5M | $21.4M | $141,532 |
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 |
|---|---|---|---|---|
| BCBSMN, INC | Other Service Provider | $578,718 | $56,710 | $635,428 |
| FORMULA CORPORATION | Other Service Provider | $372,509 | — | $372,509 |
| ALTON JOHNSON | Other Service Provider | $48,480 | — | $48,480 |
| THOMAS M HUGHES, LTD | Other Service Provider | $34,600 | — | $34,600 |
| BETTS & HAYES, LTD | Other Service Provider | $29,648 | — | $29,648 |
| THE BERWYN GROUP INC | Other Service Provider | $29,440 | — | $29,440 |
| HORIZON ACTUARIAL SERVICES LLC | Other Service Provider | $27,300 | — | $27,300 |
| ERICKSON, BELL, BECKMAN & QUINN, PA | Other Service Provider | $21,090 | — | $21,090 |
| SUPERIOR BENEFITS | Other Service Provider | $20,000 | — | $20,000 |
| RBC WEALTH MANAGEMENT | Other Service Provider | $7,436 | — | $7,436 |
| YOUR TOUCHPOINTS, LLC | Other Service Provider | $6,900 | — | $6,900 |
| CROSSMARK GLOBAL INVESTMENTS | Other Service Provider | $5,609 | — | $5,609 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,238,440
- Estimated Expense Ratio: 3.275% 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 | $1,377,968 | $13,045 | $51,653 | $29,648 | — |
| 2023 | $1,322,016 | $5,294 | $55,159 | — | — |
| 2022 | $1,259,303 | $5,356 | $51,933 | — | $93,050 |