Plan Snapshot
- Plan Sponsor: Penny Publications, LLC
- Sponsor EIN: 061533995
- Sponsor Address: 6 PROWITT STREET, NORWALK, CT, 068551204
- Plan Type: DC
- Total Participants: 129
- Total Assets: $20.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 129 | $20.7M | $0 | $952,521 |
| 2023 | 154 | $18.3M | $0 | $927,512 |
| 2022 | 154 | $15.6M | $0 | $881,343 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | INSURANCE REP/BROKER | — | $58,441 | $58,441 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $15,281 | — | $15,281 |
| VISCONTI, PITTALA & ASSOCIATES, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — INSURANCE REP/BROKER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,722
- Estimated Expense Ratio: 0.357% 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 | $16,375 | — | $16,375 | — | — |
| 2023 | $25,306 | — | — | $750 | — |
| 2022 | $22,231 | — | $22,231 | — | — |