Plan Snapshot
- Plan Sponsor: University Of Minnesota Physicians
- Sponsor EIN: 411843943
- Sponsor Address: 720 WASHINGTON ST SE, MINNEAPOLIS, MN, 55414
- Plan Type: 401(k)
- Total Participants: 4,740
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,740 | $1.1B | $51.7M | $35.6M |
| 2023 | 4,566 | $932.7M | $49.1M | $32.6M |
| 2022 | 4,046 | $739.4M | $45.1M | $28.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $507,270 | — | $507,270 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $507,270
- Estimated Expense Ratio: 0.046% 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 | $508,770 | — | — | — | — |
| 2023 | $542,984 | $192,138 | — | $926 | — |
| 2022 | $477,431 | $162,367 | — | — | $600 |