Plan Snapshot
- Plan Sponsor: Potential Development Program, INC.
- Sponsor EIN: 340789759
- Sponsor Address: 2405 MARKET STREET, YOUNGSTOWN, OH, 44507
- Plan Type: 403(b)
- Total Participants: 148
- Total Assets: $2.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 148 | $2.8M | $327,892 | $221,238 |
| 2023 | 135 | $2.1M | $271,904 | $178,202 |
| 2022 | 113 | $1.5M | $153,403 | $126,561 |
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 |
|---|---|---|---|---|
| ELSASS FINANCIAL GROUP, INC. | NONE | $15,066 | — | $15,066 |
| AMI BENEFIT PLAN ADMINISTRATORS, IN | NONE | $15,016 | — | $15,016 |
| HD DAVIS CPAS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HD DAVIS CPAS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,082
- Estimated Expense Ratio: 1.056% 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 | $30,130 | $15,066 | $15,064 | — | — |
| 2023 | $20,772 | $10,737 | $9,989 | — | — |
| 2022 | $25,641 | $9,523 | $15,026 | — | — |