Plan Snapshot
- Plan Sponsor: Perfection Learning Corporation
- Sponsor EIN: 420895541
- Sponsor Address: 1000 N. SECOND AVE,, LOGAN, IA, 51546
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 112
- Total Assets: $20.3M
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 | 112 | $20.3M | $243,005 | $994,221 |
| 2023 | 116 | $17.9M | $236,047 | $834,461 |
| 2022 | 95 | $15.3M | $559,873 | $811,783 |
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 |
|---|---|---|---|---|
| MILLIMAN | Recordkeeper | $28,931 | — | $28,931 |
| LUTZ | Auditor | $24,600 | — | $24,600 |
| ADVANCED CAPITAL GROUP | Other Service Provider | $23,562 | — | $23,562 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | — | $22,235 | $22,235 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- LUTZ — Auditor
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,328
- Estimated Expense Ratio: 0.490% 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 | $81,193 | $27,663 | — | $24,600 | — |
| 2023 | $87,338 | $42,899 | — | $11,600 | — |
| 2022 | $63,275 | — | — | — | $63,275 |