Plan Snapshot
- Plan Sponsor: Peter Paul Electronics Co., INC.
- Sponsor EIN: 060811946
- Sponsor Address: 480 JOHN DOWNEY DRIVE, NEW BRITAIN, CT, 06051
- Plan Type: 401(k)
- Total Participants: 101
- Total Assets: $7.4M
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 | 101 | $7.4M | $158,225 | $421,773 |
| 2023 | 111 | $6.7M | $68,500 | $386,423 |
| 2022 | 109 | $6.6M | $132,633 | $391,825 |
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 |
|---|---|---|---|---|
| EMPOWER | RECORDKEEPER | $11,764 | — | $11,764 |
| SRC CERTIFIED PUBLIC ACCOUNTANTS PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPOWER — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,764
- Estimated Expense Ratio: 0.160% 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 | $33,679 | — | $33,679 | — | — |
| 2023 | $44,132 | — | $44,132 | — | — |
| 2022 | $41,391 | — | $41,391 | — | — |