Plan Snapshot
- Plan Sponsor: Great Lakes Management
- Sponsor EIN: 411614587
- Sponsor Address: 12755 STATE HIGHWAY 55, PLYMOUTH, MN, 55441
- Plan Type: 401(k)
- Total Participants: 1,023
- Total Assets: $11.5M
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 | 1,023 | $11.5M | $779,887 | $2.0M |
| 2023 | 1,025 | $9.4M | $402,901 | $893,763 |
| 2022 | 891 | $6.6M | $485,272 | $1.4M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $63,369 | — | $63,369 |
| THE HAYS FINANCIAL GROUP, LLC | INVESTMENT/FINANCIAL ADVI | $51,663 | — | $51,663 |
| MAHONEY ULBRICH CHRISTIANSON RUS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- THE HAYS FINANCIAL GROUP, LLC — INVESTMENT/FINANCIAL ADVI
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,032
- Estimated Expense Ratio: 1.000% 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 | $115,033 | $51,663 | — | — | — |
| 2023 | $46,711 | $20,645 | — | — | — |
| 2022 | $65,651 | — | — | — | — |