Plan Snapshot
- Plan Sponsor: Lester Building Systems LLC.
- Sponsor EIN: 201262938
- Sponsor Address: 1111 SECOND AVE S, LESTER PRAIRIE, MN, 55354
- Plan Type: 401(k)
- Total Participants: 175
- Total Assets: $15.0M
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 | 175 | $15.0M | $292,745 | $1.1M |
| 2023 | 178 | $14.4M | $293,677 | $1.1M |
| 2022 | 181 | $11.5M | $267,631 | $958,205 |
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 |
|---|---|---|---|---|
| BOULAY PLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOULAY PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $49,568 | $21,415 | $28,153 | — | — |
| 2023 | $47,414 | $22,306 | $25,108 | — | — |
| 2022 | $42,689 | $15,703 | $26,986 | — | — |