Plan Snapshot
- Plan Sponsor: Paramark Corp.
- Sponsor EIN: 411452403
- Sponsor Address: 7392 AIRPORT VIEW DRIVE SW, ROCHESTER, MN, 55903
- Plan Type: 401(k)
- Total Participants: 149
- Total Assets: $1.8M
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 | 149 | $1.8M | $118,510 | $372,963 |
| 2023 | 131 | $1.5M | $114,237 | $356,707 |
| 2022 | 132 | $962,388 | $113,553 | $342,181 |
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 |
|---|---|---|---|---|
| SMITH SCHAFER & ASSOCIATES, LTD. | Auditor | $9,200 | — | $9,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,200
- Estimated Expense Ratio: 0.522% 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 | $41,704 | $12,979 | $12,335 | $9,200 | — |
| 2023 | $26,030 | — | — | — | — |
| 2022 | $18,633 | — | — | — | — |