Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k) match, vesting and fees
What Trustees of South Central Minnesota Elec Workers Retirement and 401(k)'s 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Legacy Professionals LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Trustees of South Central Minnesota Elec Workers Retirement and 401(k): employer contribution per participant | $5,774 | |
| Peer median | $2,900 |
| Trustees of South Central Minnesota Elec Workers Retirement and 401(k): average balance | $205,027 | |
| Peer median | $67,876 |
| Trustees of South Central Minnesota Elec Workers Retirement and 401(k): admin expenses ÷ assets | 0.09% | |
| Peer median | 0.26% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $306M at the end of plan year 2023 to $336M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,639 | $336M | $9.5M | $5,774 | 0.09% | Not published | Form 5500 ↗ |
| 2023 | 1,594 | $306M | $8.9M | $5,574 | 0.10% | Not published | Form 5500 ↗ |
Common questions
Does Trustees of South Central Minnesota Elec Workers Retirement and 401(k) match 401(k) contributions?
The match terms for the South Central Minnesota Electrical Workers Retirement and 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $9.5M in employer contributions, about $5,774 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k) match vested?
The vesting schedule for the South Central Minnesota Electrical Workers Retirement and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Trustees of South Central Minnesota Elec Workers Retirement and 401(k).
I left Trustees of South Central Minnesota Elec Workers Retirement and 401(k). How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Trustees of South Central Minnesota Elec Workers Retirement and 401(k), (952) 854-0785) or the recordkeeper, Principal Life Insurance Company. The Trustees of South Central Minnesota Elec Workers Retirement and 401(k) old 401(k) page lists the contacts from every plan filing. Find an old Trustees of South Central Minnesota Elec Workers Retirement and 401(k) 401(k)
Data from the public Form 5500 annual reports Trustees of South Central Minnesota Elec Workers Retirement and 401(k) filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Trustees of South Central Minnesota Elec Workers Retirement and 401(k). Not financial advice. Report a correction · Methodology