How big is Derek Skovbroten's plan?

Derek Skovbroten's plan reported $110K in assets and 4 participants for 2024.

Original filing (PDF)20250926132945NAL0010171328001

Derek Skovbroten

Name: Derek Skovbroten — Skovbroten 401(k) Plan, Form 5500 (2024)
Creator: Derek Skovbroten
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Skovbroten 401(k) Plan

401(k) retirement plan · Derek Skovbroten's Skovbroten 401(k) Plan held $110K in plan assets for 4 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$110K

Net assets (EOY)

$110K

People on this filing

Derek Skovbroten signed Derek Skovbroten's 2024 Form 5500 as plan administrator.

Derek Skovbroten — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Derek Skovbroten's EIN is 81-1139243.

EIN 81-1139243

Plan number 001

Plan year 2024

ACK ID 20250926132945NAL0010171328001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Derek Skovbroten from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Derek Skovbroten's plan includes profit-sharing, a 401(k) feature, ERISA 404(c) participant direction.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for DEREK SKOVBROTEN.

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

DEREK SKOVBROTEN

EIN

all filings

Address

512 2ND ST N · NEW ULM, MN · 56073

Phone

(507) 354-2226

Industry

Finance & Insurance

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

2025-09-26

Pension benefit codes

2A · Age/service weighted or new comparability

2E · Profit-sharing

2J · 401(k) feature

2F · ERISA section 404(c)

2G · Total participant-directed accounts

3D · Pre-approved plan (master / prototype / VS)

3B · Covers self-employed individuals

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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