Plan Snapshot
- Plan Sponsor: Petra Funds Group LLC
- Sponsor EIN: 872474456
- Sponsor Address: 520 MADISON AVE 21ST FLOOR, NEW YORK, NY, 10022
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $19.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 227 | $19.9M | $1.2M | $2.5M |
| 2023 | 120 | $10.7M | $38,441 | $68,939 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $29,483 | — | $29,483 |
| MORGAN STANLEY | Investment Advisor | $20,718 | — | $20,718 |
| ORENDA RETIREMENT LLC | Recordkeeper | $3,075 | $9,851 | $12,926 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,127
- Estimated Expense Ratio: 0.317% 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 | $53,278 | $12,438 | $40,840 | — | — |
| 2023 | $987 | — | $987 | — | — |