Plan Snapshot
- Plan Sponsor: Graco INC.
- Sponsor EIN: 410285640
- Sponsor Address: 88 11TH AVE NE, MINNEAPOLIS, MN, 554131829
- Plan Type: DB
- Total Participants: 291
- Total Assets: $150.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 291 | $150.2M | $20.0M | $0 |
| 2023 | 343 | $127.4M | $20.0M | $0 |
| 2022 | 400 | $249.6M | $20.0M | $0 |
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 |
|---|---|---|---|---|
| JP MORGAN INVESTMENT MANAGEMENT | Recordkeeper | $483,172 | — | $483,172 |
| MERCER(US)INC | Other Service Provider | $166,257 | — | $166,257 |
| GREAT-WEST LIFE & ANNUITY INSURANCE | Other Service Provider | $42,470 | — | $42,470 |
| CLIFTONLARSONALLEN LLP | Auditor | $12,063 | — | $12,063 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN INVESTMENT MANAGEMENT — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $703,962
- Estimated Expense Ratio: 0.469% 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 | $548,876 | — | — | — | — |
| 2023 | $1,413,220 | — | — | — | — |
| 2022 | $1,368,280 | $1,148,410 | — | — | $219,870 |