Plan Snapshot
- Plan Sponsor: Practice Support Services, LLC
- Sponsor EIN: 611803877
- Sponsor Address: 6 WELLNESS WAY SUITE 201, LATHAM, NY, 12110
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $7.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 171 | $7.5M | $190,375 | $474,281 |
| 2023 | 161 | $7.1M | $208,389 | $528,311 |
| 2022 | 169 | $5.5M | $268,051 | $589,830 |
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 |
|---|---|---|---|---|
| BONADIO& CO LLP | Auditor | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO& CO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,000
- Estimated Expense Ratio: 0.213% 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 | $20,887 | $2,294 | — | $16,000 | — |
| 2023 | $16,138 | $2,046 | — | — | — |
| 2022 | $3,966 | $3,094 | — | — | — |