# The Tile Shop, LLC 401(k) Plan
Source: https://planprovider.pro/companies/the-tile-shop-llc-401k-plan

> The Tile Shop, LLC's 401(k) plan: 1,242 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Tile Shop, LLC

- **Sponsor EIN:** 470901485

- **Sponsor Address:** 14000 CARLSON PARKWAY, PLYMOUTH, MN, 55441

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

- **Total Participants:** 1,242

- **Total Assets:** $55.4M

## 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|1,242|$55.4M|$1.5M|$5.2M|

| 2023|1,239|$48.2M|$1.6M|$5.1M|

| 2022|1,321|$40.9M|$1.5M|$5.3M|

## 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|CONTRACT ADMINISTRATOR|$119,584|—|$119,584|

| GALLAGHER FIDUCIARY ADVISORS, LLC|INVESTMENT ADVISORY|$36,234|$16|$36,250|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [GALLAGHER FIDUCIARY ADVISORS, LLC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — INVESTMENT ADVISORY

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $155,834

- **Estimated Expense Ratio:** 0.282% 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|$155,818|$36,234|$119,584|—|—|

| 2023|$128,879|$24,996|$103,883|—|—|

| 2022|$146,019|$22,360|$104,759|—|$18,900|

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