Plan Snapshot
- Plan Sponsor: Patel Logistics INC.
- Sponsor EIN: 844694816
- Sponsor Address: 120 CASEY LN, BENSALEM, PA, 19020
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 121
- Total Assets: $441,950
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 | 121 | $441,950 | $34,123 | $183,634 |
| 2024 | 91 | $343,381 | $68,919 | $170,338 |
| 2023 | 99 | $179,812 | $58,886 | $99,765 |
| 2022 | 138 | $6,666 | $2,226 | $4,536 |
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 |
|---|---|---|---|---|
| CJ CPAS PLLC | 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 |
|---|---|---|---|---|---|
| 2025 | $201,094 | — | — | — | — |
| 2024 | $1,250 | $1,250 | — | — | — |
| 2023 | $3,908 | — | — | — | — |
| 2022 | — | — | — | — | — |