Plan Snapshot
- Plan Sponsor: United Prairie Bank
- Sponsor EIN: 410250740
- Sponsor Address: 10 FIRESTONE DR SUITE 300, MANKATO, MN, 56001
- Plan Type: 401(k)
- Total Participants: 124
- Total Assets: $15.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 124 | $15.3M | $336,364 | $984,332 |
| 2023 | 126 | $15.4M | $463,436 | $1.1M |
| 2022 | 147 | $13.3M | $452,440 | $1.0M |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | $12,750 | — | $12,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,750
- Estimated Expense Ratio: 0.083% 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 | $65,861 | $30,138 | — | $12,750 | — |
| 2023 | $39,930 | $19,820 | $2,910 | $17,200 | — |
| 2022 | $7,966 | — | $7,966 | — | — |