# Paramark Corp. 401(k) Plan
Source: https://planprovider.pro/companies/paramark-corp-401k-plan

> Paramark Corp.'s 401(k) plan: 149 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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