Minnwest Corporation 401(K) Plan — Form 5500 plan (Minnwest Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Minnwest Corporation 401(K) Plan is a benefit plan reported by Minnwest Corporation under EIN 41-1549950 and plan number 001. The latest loaded filing year is 2023. The filing reports 568 participants and $66,453,936 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$66.5MPlan net assets, end of year$66,453,936
Participants568Covered participants reported
Assets / participant$117KComputed: assets ÷ participants$116,996 (computed)
Provider compensation$134K2 Schedule C provider row(s)$134,005
- Plan sponsor
- Minnwest Corporation
- EIN
- 41-1549950
- Plan number
- 001
- Plan type
- 2
- Location
- Minnetonka, MN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 568 | H, C | 20240926082043NAL0000374657001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$66.5M total assets
Net assets$66.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $66,453,936
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $66,453,936
- Net assets (BOY)
- $57,023,976
Income & contributions
- Employer contributions
- $1,670,014
- Participant contributions
- $3,054,208
- Total contributions
- $5,580,254
- Total income / additions
- $14,869,364
Expenses & distributions
- Benefits paid
- $5,305,347
- Administrative expenses
- $134,057
- Total expenses
- $5,439,404
- Net increase / (decrease)
- $9,429,960
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
35%65%
Employer 35%Participant 65%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $96,135 | $0 | 2023 |
| Christensen Group Fin. | INVESTMENT ADVISORY | $37,870 | not reported in the loaded dataset | 2023 |