Plan Snapshot
- Plan Sponsor: People Technology And Processes LLC
- Sponsor EIN: 274171805
- Sponsor Address: 8621 EAST DR MARTIN LUTHER KING JR, TAMPA, FL, 33610
- Plan Type: 401(k)
- Total Participants: 228
- Total Assets: $6.1M
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 | 228 | $6.1M | $479,910 | $1.0M |
| 2023 | 264 | $4.6M | $430,123 | $875,390 |
| 2022 | 206 | $2.6M | $326,976 | $681,993 |
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 |
|---|---|---|---|---|
| SKIBBIE CPA, INC. | Auditor | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,500
- Estimated Expense Ratio: 0.123% 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 | $47,147 | $14,182 | — | $7,500 | — |
| 2023 | $39,066 | $9,795 | $28,411 | — | — |
| 2022 | $29,189 | $7,584 | $21,605 | — | — |