# Passageways, INC. 401(k) Plan
Source: https://planprovider.pro/companies/passageways-inc-401k-plan

> Passageways, INC.&#39;s 401(k) plan: 175 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Passageways, INC.

- **Sponsor EIN:** 822007390

- **Sponsor Address:** 5140 E SOUTHPORT RD 1012, INDIANAPOLIS, IN, 46237

- **Plan Type:** 401(k)

- **Total Participants:** 175

- **Total Assets:** $10.9M

## 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.|

| 2024|175|$10.9M|$773,814|$1.5M|

| 2023|136|$7.6M|$602,416|$1.1M|

| 2022|153|$5.0M|$456,471|$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|

| KATZ, SAPPER & MILLER, LLP|Auditor|$23,500|—|$23,500|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KATZ, SAPPER & MILLER, LLP](https://planprovider.pro/provider/katz-sapper-and-miller-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $23,500

- **Estimated Expense Ratio:** 0.216% 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|$59,630|$17,903|—|$23,500|—|

| 2023|$60,096|—|$60,096|—|—|

| 2022|$45,938|—|$45,938|—|—|

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