Plan Ledger DOL Form 5500 · updated monthly

Parasole Restaurant Holdings, Inc.401(k)

PARASOLE EMPLOYEE 401(K) PROFIT SHARING & SAVINGS PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.81%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Parasole Restaurant Holdings, Inc. reported $67,571 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.14% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,369th of 1,918), and the 633rd of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$8,712,967
Participants with balances430
Active participants500
Employer contributions$0
Employee contributions$291,753
Employer contribution per active participant$0
Average account balance$20,263
Benefits paid to participants$293,227
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 430 accts
2023$8.0M · 420 accts · $251K emplr
2022$6.8M · 246 accts · $225K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,136
Total administrative$67,571
The Parasole Restaurant Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$501 per active participant
2022$477 per active participant

Parasole Restaurant Holdings, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$59,136
CBIZ CPAS P.C.$8,400

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,571 · 0.81%
2023$64,988 · 0.88%
2022$10,900 · 0.14%
Same employer
Similar plansAccommodation & Food Services · Minnesota
Concourse Hotel Inc MN$13.5M · 0.27%
Burwell Enterprises, LLC MN$10.4M · 0.45%
Etoc Company, Inc. MN$9.0M · 0.10%
D'Amico Holding Company MN$8.7M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411570783 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.