Plan Snapshot
- Plan Sponsor: Grand Central INC
- Sponsor EIN: 270021477
- Sponsor Address: 310 FRAZEE STREET EAST, DETROIT LAKES, MN, 565013604
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $4.7M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 121 | $4.7M | $57,083 | $243,564 |
| 2023 | 114 | $4.5M | $53,291 | $228,539 |
| 2022 | 108 | $3.9M | $53,923 | $232,871 |
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 |
|---|---|---|---|---|
| BERGANKDV, LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERGANKDV, LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,003 | — | $1,003 | — | — |
| 2023 | $1,818 | — | $1,818 | — | — |
| 2022 | $1,048 | — | $1,048 | — | — |