Plan Snapshot
- Plan Sponsor: Momentum Pictures LLC.
- Sponsor EIN: 261778976
- Sponsor Address: 1027 NEWPORT AVE, PAWTUCKET, RI, 02861
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 137
- Total Assets: $21.6M
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. |
|---|---|---|---|---|
| 2023 | 137 | $21.6M | $686,652 | $1.9M |
| 2022 | 160 | $20.9M | $601,573 | $2.0M |
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 | Recordkeeper | $134,307 | — | $134,307 |
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | — | $41,141 | $41,141 |
| TOWERS WATSON INVESTMENT SERVICES, | Investment Advisor | — | $14,311 | $14,311 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,759
- Estimated Expense Ratio: 0.876% 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 |
|---|---|---|---|---|---|
| 2023 | $134,294 | — | $134,294 | — | — |
| 2022 | $127,749 | — | $127,749 | — | — |