Plan Snapshot
- Plan Sponsor: Pal Management, INC.
- Sponsor EIN: 411704817
- Sponsor Address: 181 RIVER RIDGE CIRCLE SOUTH, BURNSVILLE, MN, 55337
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $5.8M
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 | 125 | $5.8M | $99,971 | $468,710 |
| 2023 | 121 | $5.6M | $95,773 | $452,704 |
| 2022 | 130 | $4.7M | $92,221 | $439,585 |
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 |
|---|---|---|---|---|
| EMPLOWER ANNUITY INSURANCE CO OF AM | Recordkeeper | $26,488 | — | $26,488 |
| MMA SECURITIES LLC | Investment Advisor | $16,314 | — | $16,314 |
| PENTEGRA SERVICES INC | Other Service Provider | $9,878 | $5,438 | $15,316 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,118
- Estimated Expense Ratio: 1.006% 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 | $54,923 | — | — | — | — |
| 2023 | $51,431 | — | — | — | — |
| 2022 | $52,882 | — | $52,882 | — | — |