Plan Snapshot
- Plan Sponsor: Pallet Service Corporation
- Sponsor EIN: 411628173
- Sponsor Address: 11201 90TH AVENUE NORTH, MAPLE GROVE, MN, 55369
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $4.6M
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 | 159 | $4.6M | $293,896 | $529,213 |
| 2023 | 156 | $3.8M | $288,887 | $507,102 |
| 2022 | 153 | $2.6M | $294,779 | $541,698 |
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 |
|---|---|---|---|---|
| CHRISTENSEN GROUP FINANCIAL, LLC | Investment Advisor | $20,365 | — | $20,365 |
| ADP, INC. | Recordkeeper | $10,635 | — | $10,635 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHRISTENSEN GROUP FINANCIAL, LLC — Investment Advisor
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,000
- Estimated Expense Ratio: 0.678% 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 | $31,001 | $27,894 | — | — | — |
| 2023 | $23,861 | $20,366 | — | — | — |
| 2022 | $6,825 | — | — | — | — |