Plan Snapshot
- Plan Sponsor: Vigen Construction, INC.
- Sponsor EIN: 410946854
- Sponsor Address: P.O. BOX 6109, GRAND FORKS, ND, 58206
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $14.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 217 | $14.5M | $533,478 | $544,327 |
| 2023 | 132 | $12.3M | $453,146 | $542,102 |
| 2022 | 129 | $10.5M | $411,166 | $550,404 |
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 |
|---|---|---|---|---|
| BREMER BANK NATIONAL ASSOCIATION | Custodian / Trustee | $32,482 | — | $32,482 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $19,140 | — | $19,140 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,622
- Estimated Expense Ratio: 0.357% 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 | $34,218 | — | — | — | — |
| 2023 | $49,296 | — | — | — | — |
| 2022 | $13,153 | — | $13,153 | — | — |