Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Park Financial Group
Park Financial Group 401(k)
- Finance and insurance
- Minneapolis, MN
- EIN 47-2313382
- 1 plan with Schedule H financials
- Plan year 2024
- Park Financial Group, Inc.
Administrative expenses excluding investment management, per participant · Park Financial Group 401(k) Profit Sharing Plan · plan year 2024
$254.98
Higher than 82% of the 24,371 plans $10 to 50M that report it.
Source
= $43,601 / 171
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250516165655NAL0015633011001, received 2025-05-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250516165655NAL0015633011001, received 2025-05-16
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-05-16.
Cost and contributions
Administrative expenses per participant
$254.98
Higher than 63% of the 25,098 plans $10 to 50M that report it.
Source
= $43,601 / 171
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250516165655NAL0015633011001, received 2025-05-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250516165655NAL0015633011001, received 2025-05-16
Administrative expenses as a share of assets
0.192%
Higher than 34% of the 25,132 plans $10 to 50M that report it.
Source
= $43,601 / $22,713,058
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250516165655NAL0015633011001, received 2025-05-16
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250516165655NAL0015633011001, received 2025-05-16
Employer contributions per participant
$1,900
Higher than 45% of the 24,050 plans $10 to 50M that report it.
Source
= $324,827 / 171
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250516165655NAL0015633011001, received 2025-05-16
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250516165655NAL0015633011001, received 2025-05-16
Employer share of total contributions
27.2%
Higher than 48% of the 24,084 plans $10 to 50M that report it.
Source
= $324,827 / $1,194,576
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250516165655NAL0015633011001, received 2025-05-16
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250516165655NAL0015633011001, received 2025-05-16
Plan terms, as stated in Park Financial Group, Inc.'s SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250516165655NAL0015633011001, received 2025-05-16
Full record, Park Financial Group 401(k) Profit Sharing Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | PARK FINANCIAL GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Plan name | PARK FINANCIAL GROUP 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Sponsor EIN / plan number | 47-2313382 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Sponsor location | MINNEAPOLIS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Filing received | 2025-05-16 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Participants, beginning of year | 222 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Active participants | 149 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Participants, end of year | 206 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Participants with an account balance | 171 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Total assets, beginning of year | $21,366,685 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Total assets, end of year | $22,713,058 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Net assets, end of year | $22,713,058 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Total income | $3,994,168 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Net income | $1,346,502 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Employer contributions | $324,827 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Participant contributions | $868,872 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Other contributions (incl. rollovers) | $877 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Total contributions | $1,194,576 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Benefit payments | $2,604,065 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Total expenses (incl. benefit payments) | $2,647,666 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Total administrative expenses | $43,601 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Contract administrator fees | $43,601 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Administrative expenses excluding investment management | $43,601 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Held in mutual funds | $20,825,843 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250516165655NAL0015633011001, received 2025-05-16 |
| Independent auditor | LEE CPA AUDIT GROUP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250516165655NAL0015633011001, received 2025-05-16 |
Position = column in the DOL layout for form year 2024. Filing 20250516165655NAL0015633011001, received 2025-05-16.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| CETERA ADVISOR NETWORKS LLC | INVESTMENT ADVISORY | 27 Investment advisory (plan) | $32,366 | no |
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 37 Participant loan processing; 52 Investment management fees paid indirectly by plan; 62 Float revenue; 64 Recordkeeping fees; 67 Other insurance wrap fees | $8,419 | yes |
| TAX SHELTERED COMPENSATION, INC.recordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 37 Participant loan processing; 64 Recordkeeping fees | $2,650 | yes |
| TRANSAMERICA TRUST COMPANY | TRUSTEE | 21 Trustee (bank, trust company or similar) | $167 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250516165655NAL0015633011001, received 2025-05-16.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $21,366,685 | $22,713,058 | 6.3% |
| Participants with a balance | 150 | 171 | 14.0% |
| Administrative expenses | $39,370 | $43,601 | 10.7% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $378,072 | $324,827 | -14.1% |
Prior filing 20241008153050NAL0035222850001, received 2024-10-08; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: PARK FINANCIAL GROUP, INC.; SEC registrant: Park Financial Group, Inc. (CIK 1808433, matched by EIN).