# Perfection Learning Corporation 401(k) Plan
Source: https://planprovider.pro/companies/perfection-learning-corporation-420895541-001

> Perfection Learning Corporation's 401(k) plan: 112 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — Recordkeeper

- [LUTZ](https://planprovider.pro/provider/lutz-and-company-pc) — Auditor

- [CHARLES SCHWAB TRUST BANK](https://planprovider.pro/provider/charles-schwab-and-co-inc) — 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|

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