# Plato Woodwork, INC. 401(k) Plan
Source: https://planprovider.pro/companies/plato-woodwork-inc-411240351-001

> Plato Woodwork, INC.'s 401(k) plan: 159 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Plato Woodwork, INC.

- **Sponsor EIN:** 411240351

- **Sponsor Address:** 200 3RD STREET SW, PLATO, MN, 55370

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 159

- **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.|

| 2024|159|$25.1M|$338,469|$702,265|

| 2023|146|$25.0M|$313,113|$609,164|

| 2022|147|$21.8M|$388,033|$597,340|

## 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|

| ALERUS FINANCIAL, N.A.|Investment Advisor|$7,825|—|$7,825|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — Investment Advisor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $7,825

- **Estimated Expense Ratio:** 0.031% 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|$11,511|$3,686|—|—|—|

| 2023|$13,933|$6,537|—|—|—|

| 2022|$11,163|—|—|—|—|

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