Plan Snapshot
- Plan Sponsor: Penascola Christian College, INC.
- Sponsor EIN: 590940532
- Sponsor Address: 250 BRENT LANE, PENSACOLA, FL, 32503
- Plan Type: 401(k)
- Total Participants: 1,186
- Total Assets: $96.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,186 | $96.0M | $3.1M | $3.8M |
| 2023 | 1,185 | $83.5M | $2.7M | $3.4M |
| 2022 | 1,203 | $70.9M | $2.4M | $3.0M |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM | Auditor | $7,350 | — | $7,350 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,350
- Estimated Expense Ratio: 0.008% 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 | $152,971 | $36,433 | — | $7,350 | — |
| 2023 | $123,793 | $26,541 | — | $8,100 | — |
| 2022 | $172,181 | $134,072 | $34,109 | — | $4,000 |