Plan Snapshot
- Plan Sponsor: Hayloft Property Management Co.
- Sponsor EIN: 460393506
- Sponsor Address: 27124 GRUMMAND AVE, TEA, SD, 57064
- Plan Type: 401(k)
- Total Participants: 105
- Total Assets: $2.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 105 | $2.0M | $66,098 | $84,563 |
| 2023 | 88 | $1.8M | $52,224 | $80,119 |
| 2022 | 161 | $1.5M | $50,391 | $75,881 |
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 |
|---|---|---|---|---|
| BOYUM & BARENSHEER PLLP | Auditor | $13,487 | — | $13,487 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM & BARENSHEER PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,487
- Estimated Expense Ratio: 0.690% 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 | $39,848 | — | — | $13,487 | — |
| 2023 | $24,481 | — | — | $12,248 | — |
| 2022 | $33,196 | — | — | — | $33,196 |