Plan Snapshot
- Plan Sponsor: Peerless Chain Company
- Sponsor EIN: 222993140
- Sponsor Address: 1416 EAST SANBORN STREET, WINONA, MN, 559875349
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $25.1M
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. |
|---|---|---|---|---|
| 2023 | 257 | $25.1M | $714,978 | $1.3M |
| 2022 | 276 | $21.9M | $680,023 | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | RECORDKEEPER | $203,498 | — | $203,498 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $134,390 | $134,390 |
| PA RETIREMENT SOLUTIONS, INC. | THIRD PARTY ADMINISTRATO | $1,400 | $17,690 | $19,090 |
| HAWKINS ASH CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- HAWKINS ASH CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $356,978
- Estimated Expense Ratio: 1.423% 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 |
|---|---|---|---|---|---|
| 2023 | $102,668 | — | $102,668 | — | — |
| 2022 | $100,633 | — | $100,633 | — | — |