Plan Snapshot
- Plan Sponsor: Pro Systems Corporation
- Sponsor EIN: 411592823
- Sponsor Address: 1271 HIGHWAY 10, DETROIT LAKES, MN, 56501
- Plan Type: 401(k)
- Total Participants: 1,965
- Total Assets: $50.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,965 | $50.4M | $3.0M | $5.5M |
| 2023 | 1,606 | $31.1M | $2.2M | $4.1M |
| 2022 | 1,388 | $19.6M | $1.3M | $2.8M |
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 |
|---|---|---|---|---|
| JASON F. CLAUSEN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $363,920 | $72,101 | $291,819 | — | — |
| 2023 | $224,013 | $33,572 | $190,441 | — | — |
| 2022 | $150,364 | $20,775 | $129,589 | — | — |