Plan Snapshot
- Plan Sponsor: American Leather Operations, LLC
- Sponsor EIN: 455439365
- Sponsor Address: 4501 MOUNTAIN CREEK PARKWAY, DALLAS, TX, 75236
- Plan Type: 401(k)
- Total Participants: 1,175
- Total Assets: $48.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,175 | $48.2M | $1.4M | $3.5M |
| 2023 | 1,187 | $44.9M | $1.3M | $3.3M |
| 2022 | 1,101 | $39.3M | $1.5M | $3.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALERUS FINANCIAL NA | NONE | $159,177 | — | $159,177 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL NA — NONE
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,177
- Estimated Expense Ratio: 0.330% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $159,177 | — | — | — | — |
| 2023 | $161,877 | — | — | — | — |
| 2022 | $89,445 | — | $89,445 | — | — |