# Performance Contractors INC. 401(k) Plan
Source: https://planprovider.pro/companies/performance-contractors-inc-720875986-503

> Performance Contractors INC.'s 401(k) plan: 2,263 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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