Plan Snapshot
- Plan Sponsor: Panco Operations LLC
- Sponsor EIN: 223609569
- Sponsor Address: 50 MAIN STREET, SUITE # 1101, WHITE PLAINS, NY, 10606
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $13.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 249 | $13.0M | $251,291 | $1.5M |
| 2023 | 220 | $10.5M | $211,941 | $1.2M |
| 2022 | 219 | $9.2M | $165,631 | $1.1M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMPANY | Recordkeeper | $42,867 | — | $42,867 |
| MERRILL LYNCH | Investment Advisor | $35,147 | — | $35,147 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — Recordkeeper
- MERRILL LYNCH — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,014
- Estimated Expense Ratio: 0.602% 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 |
|---|---|---|---|---|---|
| 2024 | $78,014 | $35,755 | $42,259 | — | — |
| 2023 | $71,628 | $36,536 | $35,092 | — | — |
| 2022 | $67,631 | — | $67,631 | — | — |