Plan Snapshot
- Plan Sponsor: People Of Faith INC.
- Sponsor EIN: 860410807
- Sponsor Address: 10015 W ROYAL OAK RD, SUN CITY, AZ, 85351
- Plan Type: 403(b)
- Plan Number: 002
- Total Participants: 361
- Total Assets: $10.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 361 | $10.0M | $449,260 | $642,754 |
| 2023 | 382 | $9.1M | $494,093 | $587,528 |
| 2022 | 344 | $8.4M | $384,314 | $583,996 |
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 |
|---|---|---|---|---|
| PNC BANK | Other Service Provider | $24,554 | — | $24,554 |
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $865 | $9,714 | $10,579 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,133
- Estimated Expense Ratio: 0.352% 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 | $24,419 | $23,554 | $865 | — | — |
| 2023 | $15,828 | — | $1,008 | $14,820 | — |
| 2022 | $8,420 | $7,591 | $829 | — | — |