Plan Snapshot
- Plan Sponsor: New Georgia Project Action Fund
- Sponsor EIN: 820934131
- Sponsor Address: 501 PULLIAM STREET SW SUITE 130, ATLANTA, GA, 30312
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $681,405
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 195 | $681,405 | $35,579 | $153,969 |
| 2023 | 203 | $491,273 | $34,197 | $160,549 |
| 2022 | 175 | $228,753 | $33,464 | $145,107 |
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 |
|---|---|---|---|---|
| BAMBO SONAIKE CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $8,728 | — | $8,728 | — | — |
| 2023 | $7,578 | — | $7,578 | — | — |
| 2022 | $929 | — | $929 | — | — |