# People, INC. 401(k) Plan
Source: https://planprovider.pro/companies/people-inc-401k-plan-001-5538

> People, INC.&#39;s 401(k) plan: 4,105 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** People, INC.

- **Sponsor EIN:** 160975538

- **Sponsor Address:** 1219 NORTH FOREST ROAD, WILLIAMSVILLE, NY, 14221

- **Plan Type:** 401(k)

- **Total Participants:** 4,105

- **Total Assets:** $60.8M

## 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|4,105|$60.8M|$1.0M|$4.0M|

| 2023|3,622|$52.3M|$915,847|$3.5M|

| 2022|3,486|$44.6M|$993,448|$3.9M|

## 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|

| TRANSAMERICA RETIREMENT SOLUTIONS|RECORDKEEPER|$158,794|—|$158,794|

| GLOBAL RETIREMENT PARTNERS|ADVISOR|$27,523|—|$27,523|

| WELLTH ADVISORY SERVICES, LLC|ADVISOR|$7,034|—|$7,034|

| BRYANS AND GRAMUGLIA CPAS, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TRANSAMERICA RETIREMENT SOLUTIONS](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

- [GLOBAL RETIREMENT PARTNERS](https://planprovider.pro/provider/global-retirement-partners-llc) — ADVISOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $193,351

- **Estimated Expense Ratio:** 0.318% 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|$193,351|$34,557|—|—|—|

| 2023|$75,993|$20,290|—|—|—|

| 2022|$99,003|—|$72,475|—|$26,528|

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