Plan Snapshot
- Plan Sponsor: Point University
- Sponsor EIN: 586044761
- Sponsor Address: 507 WEST 10TH STREET, WEST POINT, GA, 31833
- Plan Type: 401(k)
- Total Participants: 488
- Total Assets: $7.0M
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 | 488 | $7.0M | $209,322 | $478,938 |
| 2023 | 211 | $6.0M | $203,427 | $470,900 |
| 2022 | 482 | $5.0M | $174,198 | $383,268 |
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 |
|---|---|---|---|---|
| KASSOUF & CO., P.C. | 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 | $38,605 | $27,311 | — | — | — |
| 2023 | $33,530 | $20,296 | — | — | — |
| 2022 | $30,070 | — | $20,271 | — | $9,799 |