Plan Snapshot
- Plan Sponsor: Planet Payment, INC.
- Sponsor EIN: 134084693
- Sponsor Address: 600 OLD COUNTRY ROAD, GARDEN CITY, NY, 11530
- Plan Type: 401(k)
- Total Participants: 36
- Total Assets: $7.5M
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 | 36 | $7.5M | $176,585 | $329,960 |
| 2023 | 76 | $7.5M | $325,244 | $685,729 |
| 2022 | 102 | $7.5M | $356,177 | $766,990 |
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 |
|---|---|---|---|---|
| COOPERS SAVAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,572,748 | — | $39,688 | — | — |
| 2023 | $12,242 | $5,266 | — | — | — |
| 2022 | $916 | — | $916 | — | — |