# Great Lakes Management 401(k) Plan
Source: https://planprovider.pro/companies/great-lakes-management-401k-plan-001-4587

> Great Lakes Management&#39;s 401(k) plan: 1,023 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [THE HAYS FINANCIAL GROUP, LLC](https://planprovider.pro/provider/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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/great-lakes-management-401k-plan-001-4587)

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