Plan Snapshot
- Plan Sponsor: Granite Logistic Services, LLC
- Sponsor EIN: 453233686
- Sponsor Address: 705 23RD ST., SARTELL, MN, 563774774
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 126 | $13.6M | $792,769 | $1.1M |
| 2023 | 121 | $10.8M | $762,513 | $1.1M |
| 2022 | 116 | $7.3M | $787,408 | $1.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $49,354 | — | $49,354 |
| CETERA ADVISOR NETWORKS LLC | OTHER SERVICES | — | $23,661 | $23,661 |
| MILLER, WELLE, HEISER & CO. LTD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER, WELLE, HEISER & CO. LTD — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,015
- Estimated Expense Ratio: 0.536% 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 | $49,355 | — | $49,355 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |