# Practice Support Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/practice-support-services-llc-401k-plan

> Practice Support Services, LLC&#39;s 401(k) plan: 171 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/bonadio-and-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|—|—|—|

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