Plan Snapshot
- Plan Sponsor: Voyager Industries, INC.
- Sponsor EIN: 411865425
- Sponsor Address: 803 CENTRAL AVE N, BRANDON, MN, 56315
- Plan Type: 401(k)
- Total Participants: 88
- Total Assets: $3.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 88 | $3.3M | $126,681 | $305,275 |
| 2023 | 113 | $3.1M | $140,020 | $306,446 |
| 2022 | 148 | $2.5M | $140,113 | $300,189 |
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 | Other Service Provider | $14,159 | — | $14,159 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $11,902 | — | $11,902 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,589 | — | $5,589 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,650
- Estimated Expense Ratio: 0.959% 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 | $31,650 | $5,589 | — | — | — |
| 2023 | $26,296 | $5,364 | — | — | — |
| 2022 | $22,439 | $4,253 | $7,078 | — | — |