Parasole Restaurant Holdings, Inc. 401(k) Plan: Login, Facts & Contact Information

Parasole Restaurant Holdings, Inc. 401(k) Plan Facts

Plan name
PARASOLE EMPLOYEE 401(K) PROFIT SHARING & SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PARASOLE RESTAURANT HOLDINGS, INC.
Participants
686 (500 active employees)
Former employees with a balance
172
Plan assets
$8,791,742 at Dec 31, 2024
Average account balance
$20,446 across 430 accounts
Recordkeeper
Merrill Lynch, Pierce, Fenner And S
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Oct 1, 1989
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $291,753 went into the plan in contributions.
  • $293,227 was paid out to participants.
  • Investment and other income added $826,022.
  • Administrative expenses were $67,571, about $157 per account.

How the Parasole Restaurant Holdings, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019796$7.79 million$0$1.16 million
2020792$7.90 million$0$857,851
2021588$8.31 million$0$751,831
2022571$6.80 million$225,000$755,848
2023662$7.98 million$251,346$313,011
2024686$8.79 million$0$293,227

Parasole Restaurant Holdings, Inc. 401(k) Contact Information

Phone
612-822-0016
Mailing address
5032 FRANCE AVE S, EDINA MN 55410
Plan sponsor
PARASOLE RESTAURANT HOLDINGS, INC.
Employer identification number (EIN)
41-1570783
Plan number
001

Questions about the Parasole Restaurant Holdings, Inc. 401(k)

Does Parasole Restaurant Holdings, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Parasole Restaurant Holdings, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Parasole Restaurant Holdings, Inc 401(k) plan?

686 participants at the start of plan year 2024, 500 of them active employees, and 172 former employees who still had money in the plan.

What is the average 401(k) balance at Parasole Restaurant Holdings, Inc?

About $20,446 per account: $8.79 million in plan assets across 430 accounts with a balance at the end of plan year 2024.

Who manages the Parasole Restaurant Holdings, Inc 401(k) accounts?

Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH, PIERCE, FENNER AND S) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Parasole Restaurant Holdings, Inc. How do I access my 401(k)?

Your account stays with Merrill Benefits OnLine after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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