Plan Snapshot
- Plan Sponsor: Paramount Consulting & Engineeri
- Sponsor EIN: 300636651
- Sponsor Address: 6135 NW 167TH STREET, HIALEAH, FL, 33015
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 109
- Total Assets: $2.6M
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. |
|---|---|---|---|---|
| 2025 | 109 | $2.6M | $0 | $0 |
| 2024 | 116 | $2.4M | $184,117 | $387,156 |
| 2023 | 92 | $1.7M | $142,824 | $296,111 |
| 2022 | 75 | $1.1M | $108,670 | $219,635 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $24,801 | — | $24,801 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,801
- Estimated Expense Ratio: 0.966% 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 |
|---|---|---|---|---|---|
| 2025 | $314,486 | $2,517 | $300 | — | — |
| 2024 | $20,233 | $18,558 | — | — | — |
| 2023 | $72,013 | — | — | — | — |
| 2022 | $72,631 | — | — | — | — |