Frandsen Financial Corporation 401(k) Plan: Login, Facts & Contact Information

Frandsen Financial Corporation 401(k) Plan Facts

Plan name
FRANDSEN FINANCIAL CORPORATION TAX DEFERRED SAVINGS AND PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FRANDSEN FINANCIAL CORPORATION
Participants
758 (485 active employees)
Former employees with a balance
221
Plan assets
$83,125,426 at Dec 31, 2024
Average account balance
$115,292 across 721 accounts
Employer contributions
$2,883,568 in plan year 2024 (39% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 26, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.34 million went into the plan in contributions, $2.88 million of it from the employer (39%).
  • $7.18 million was paid out to participants.
  • Investment and other income added $9.41 million.
  • Administrative expenses were $25,911, about $36 per account.

How the Frandsen Financial Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019643$61.1 million$1.84 million$5.09 million
2020648$68.3 million$2.53 million$5.94 million
2021642$77.3 million$3.17 million$6.96 million
2022667$63.1 million$3.19 million$9.72 million
2023714$73.6 million$3.48 million$7.36 million
2024758$83.1 million$2.88 million$7.18 million

Frandsen Financial Corporation 401(k) Contact Information

Phone
651-242-5720
Mailing address
4388 ROUND LAKE ROAD WEST, ARDEN HILLS MN 55112
Plan sponsor
FRANDSEN FINANCIAL CORPORATION
Employer identification number (EIN)
93-0848097
Plan number
001

Questions about the Frandsen Financial Corporation 401(k)

Does Frandsen Financial Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.88 million, 39% of all contributions.

Does the Frandsen Financial Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Frandsen Financial Corporation 401(k) plan?

758 participants at the start of plan year 2024, 485 of them active employees, and 221 former employees who still had money in the plan.

What is the average 401(k) balance at Frandsen Financial Corporation?

About $115,292 per account: $83.1 million in plan assets across 721 accounts with a balance at the end of plan year 2024.

Who manages the Frandsen Financial Corporation 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Frandsen Financial Corporation. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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