# Peerless Chain Company 401(k) Plan
Source: https://planprovider.pro/companies/peerless-chain-company-401k-plan

> Peerless Chain Company&#39;s 401(k) plan: 257 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## 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](https://planprovider.pro/provider/commonwealth-financial-network) — INVESTMENT ADVISORY

- [HAWKINS ASH CPAS, LLP](https://planprovider.pro/provider/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|—|—|

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