Plan Snapshot
- Plan Sponsor: Paylocity Corporation
- Sponsor EIN: 364227403
- Sponsor Address: 1400 AMERICAN LANE, SCHAUMBURG, IL, 601735452
- Plan Type: 401(k)
- Total Participants: 6,287
- Total Assets: $438.1M
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 | 6,287 | $438.1M | $18.2M | $47.7M |
| 2023 | 6,115 | $338.6M | $16.4M | $42.3M |
| 2022 | 5,578 | $238.1M | $13.8M | $35.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $492,544 | — | $492,544 |
| FGMK, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FGMK, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $492,544
- Estimated Expense Ratio: 0.112% 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 | $492,544 | — | $492,544 | — | — |
| 2023 | $410,952 | — | $410,952 | — | — |
| 2022 | $329,118 | — | $329,118 | — | — |