Plan Snapshot
- Plan Sponsor: Peoples First Properties, INC.
- Sponsor EIN: 593020789
- Sponsor Address: 1022 W. 23RD STREET, PANAMA CITY, FL, 32405
- Plan Type: 401(k)
- Total Participants: 884
- Total Assets: $21.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 884 | $21.1M | $2.1M | $2.0M |
| 2023 | 1,218 | $18.1M | $900,691 | $1.7M |
| 2022 | 1,017 | $15.2M | $0 | $1.5M |
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 |
|---|---|---|---|---|
| TARWATER & COMPANY, PSC | 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 | $124,311 | $30,043 | $94,268 | — | — |
| 2023 | $98,113 | $8,032 | $76,705 | — | — |
| 2022 | $79,039 | $4,204 | $49,571 | — | $7,007 |