Plan Snapshot
- Plan Sponsor: Performance Contractors INC.
- Sponsor EIN: 720875986
- Sponsor Address: P.O. BOX 83630, BATON ROUGE, LA, 708843630
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 2,263
- Total Assets: $5.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,263 | $5.3M | $16.1M | $20.1M |
| 2023 | 2,084 | $4.5M | $11.8M | $15.1M |
| 2022 | 1,809 | $3.5M | $10.6M | $15.0M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF SC | Other Service Provider | $1,606,442 | — | $1,606,442 |
| PAYER MATRIX LLC | Other Service Provider | $306,376 | — | $306,376 |
| MAXORPLUS LTD | Other Service Provider | $40,606 | — | $40,606 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,953,424
- Estimated Expense Ratio: 36.637% 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 | $1,625,689 | — | $1,622,445 | — | — |
| 2023 | $1,264,065 | — | $1,255,992 | — | — |
| 2022 | $1,231,235 | — | $1,223,986 | — | — |