Plan Snapshot
- Plan Sponsor: Peopletec, INC.
- Sponsor EIN: 202320135
- Sponsor Address: 4901-I CORPORATE DRIVE, HUNTSVILLE, AL, 35805
- Plan Type: 401(k)
- Total Participants: 617
- Total Assets: $83.3M
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 | 617 | $83.3M | $3.3M | $6.2M |
| 2023 | 570 | $68.8M | $2.5M | $5.3M |
| 2022 | 521 | $52.1M | $2.2M | $4.9M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC | INVESTMENT ADVISOR | $120,833 | — | $120,833 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $71,395 | — | $71,395 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $24,853 | — | $24,853 |
| WARREN AVERETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $217,081
- Estimated Expense Ratio: 0.260% 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 | $178,798 | $145,686 | — | — | — |
| 2023 | $137,461 | $109,715 | — | — | — |
| 2022 | $120,394 | — | $120,394 | — | — |