Plan Snapshot
- Plan Sponsor: Upper Sioux Community
- Sponsor EIN: 410916290
- Sponsor Address: 5616 PRAIRIE'S EDGE LANE, GRANITE FALLS, MN, 56241
- Plan Type: 401(k)
- Total Participants: 287
- Total Assets: $5.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 287 | $5.1M | $277,802 | $671,037 |
| 2023 | 275 | $4.0M | $265,581 | $642,173 |
| 2022 | 257 | $3.1M | $208,679 | $543,523 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Custodian / Trustee | $34,594 | $21 | $34,615 |
| DEFINITI, LLC | Recordkeeper | $5,196 | $6,432 | $11,628 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,243
- Estimated Expense Ratio: 0.910% 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 | $39,790 | — | — | — | — |
| 2023 | $58,182 | — | — | — | — |
| 2022 | $47,049 | — | — | — | — |