Plan Snapshot
- Plan Sponsor: People Encouraging People, INC.
- Sponsor EIN: 521168285
- Sponsor Address: 22 S HOWARD STREET, BALTIMORE, MD, 212111494
- Plan Type: 401(k)
- Total Participants: 193
- Total Assets: $8.4M
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 | 193 | $8.4M | $310,065 | $637,155 |
| 2023 | 185 | $7.3M | $215,524 | $537,437 |
| 2022 | 204 | $5.8M | $227,426 | $446,457 |
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 |
|---|---|---|---|---|
| GO TAX SERVICES, LLC | 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 |
|---|---|---|---|---|---|
| 2024 | $59,198 | $1,483 | $57,715 | — | — |
| 2023 | $49,539 | — | $49,539 | — | — |
| 2022 | $46,365 | $1,155 | $45,210 | — | — |