Plan Snapshot
- Plan Sponsor: High Bar Brands Operating, LLC
- Sponsor EIN: 844060098
- Sponsor Address: 2701 18TH SW, OWATONNA, MN, 55060
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $14.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 154 | $14.5M | $700,465 | $772,745 |
| 2023 | 145 | $12.1M | $635,772 | $754,865 |
| 2022 | 151 | $9.8M | $630,032 | $800,682 |
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 | Recordkeeper | $45,314 | — | $45,314 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,314
- Estimated Expense Ratio: 0.312% 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 | $45,314 | — | $45,314 | — | — |
| 2023 | $35,128 | — | $35,128 | — | — |
| 2022 | $33,277 | — | $33,277 | — | — |