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Original filing (PDF)20250925131351NAL0010537299001
FRASER
Form 5500
FILING_RECEIVED
FRASER 403(B) RETIREMENT PLAN
403(b) retirement plan
Signals · 2
34% in single holdingNo recordkeeper disclosed
Active participants
1,696
Accounts w/ balance
991
Plan assets (EOY)
$31.2M
Net assets (EOY)
$31.2M
How this plan invests
This plan
30 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
83
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
83
Total plan cost
65
Vendor stack
80
Participation health
80
Knocking points off
- Top holding "The American Funds Target Date Retirement 2040 R6 Fund" is 34% of plan.
- 56 bps in Schedule C fees — 91% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
- 58% balance-to-active ratio — below typical for a healthy 401(k).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FRASER.
Plan sponsor
Name
FRASER
EIN
41-0781858
Address
302 273RD ST · OSCEOLA, WI · 54020
Phone
(612) 767-7559
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-25
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
2M · 403(b)(7) custodial accounts
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
BOULAY PLLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GALLAGHER FIDUCIARY ADVISORS, LLC | 36-4291971 | — | INVESTMENT ADVISORY | $40K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $133K | — |
Investments
30 direct securities· $31.2M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| The American Funds Target Date Retirement 2040 R6 Fund | — | — | — | $10.5M | 33.6% | |
| Fidelity Investments S&P 500 Index Fund | — | — | — | $3.9M | 12.5% | |
| The American Funds Target Date Retirement 2050 R6 Fund | — | — | — | $3.1M | 10.1% | |
| The American Funds Target Date Retirement 2055 R6 Fund | — | — | — | $1.6M | 5.2% | |
| The American Funds Target Date Retirement 2045 R6 Fund | — | — | — | $1.4M | 4.4% | |
| The American Funds Target Date Retirement 2060 R6 Fund | — | — | — | $1.3M | 4.1% | |
| MassMutual Financial Group Investors Growth Stock R6 Fund | — | — | — | $1.3M | 4.1% | |
| The American Funds Target Date Retirement 2020 R6 Fund | — | — | — | $963K | 3.1% | |
| Principal Life Insurance Company Guaranteed Option Fund | — | — | — | $941K | 3.0% | |
| Vanguard Group Total Bond Market Index Admiral Fund | — | — | — | $685K | 2.2% | |
| MassMutual Financial Group Mid Cap Value R6 Fund | — | — | — | $581K | 1.9% | |
| The American Funds Target Date Retirement 2065 R6 Fund | — | — | — | $581K | 1.9% | |
| The American Funds Target Date Retirement 2035 R6 Fund | — | — | — | $570K | 1.8% | |
| Fidelity Investments Mid Cap Index Fund | — | — | — | $504K | 1.6% | |
| Dimensional Fund Advisors US Targeted Value I Fund | — | — | — | $478K | 1.5% | |
| Vanguard Group International Growth Admiral Fund | — | — | — | $437K | 1.4% | |
| The American Funds New World R6 Fund | — | — | — | $417K | 1.3% | |
| The American Funds Target Date Retirement 2025 R6 Fund | — | — | — | $374K | 1.2% | |
| The American Funds Target Date Retirement 2030 R6 Fund | — | — | — | $314K | 1.0% | |
| Vanguard Group Explorer Admiral Fund | — | — | — | $258K | 0.8% | |
| Dodge & Cox Stock X Fund | — | — | — | $235K | 0.8% | |
| J.P. Morgan Asset Management Mid Cap Growth R6 Fund | — | — | — | $212K | 0.7% | |
| Fidelity Investments Total International Index Fund | — | — | — | $171K | 0.5% | |
| Fidelity Investments Small Cap Index Fund | — | — | — | $140K | 0.4% | |
| PIMCO Funds Real Return Institutional Fund | — | — | — | $138K | 0.4% | |
| The American Funds Target Date Retirement 2015 R6 Fund | — | — | — | $71K | 0.2% | |
| Vanguard Group Real Estate Index Admiral Fund | — | — | — | $45K | 0.1% | |
| (E) | — | — | — | $45K | 0.1% | |
| The American Funds Target Date Retirement 2070 R6 Fund | — | — | — | $5K | <0.1% | |
| (E) | — | — | $70K | $5K | <0.1% |