Plan Snapshot
- Plan Sponsor: Graco INC
- Sponsor EIN: 410285640
- Sponsor Address: 88 11TH AVE NE, MINNEAPOLIS, MN, 55413
- Plan Type: 401(k)
- Total Participants: 2,504
- Total Assets: $619.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 2,504 | $619.1M | $11.7M | $23.3M |
| 2023 | 2,606 | $571.6M | $11.4M | $22.7M |
| 2022 | 2,671 | $484.2M | $11.1M | $22.3M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $77,898 | — | $77,898 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,898
- Estimated Expense Ratio: 0.013% 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 | $549,096 | $255,972 | — | $77,898 | — |
| 2023 | $459,688 | $220,418 | — | $26,190 | — |
| 2022 | $467,911 | $419,250 | — | — | — |