# Preston Management, INC. 401(k) Plan
Source: https://planprovider.pro/companies/preston-management-inc-401k-plan

> Preston Management, INC.'s 401(k) plan: 370 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Preston Management, INC.

- **Sponsor EIN:** 251848938

- **Sponsor Address:** 1500 WILMINGTON ROAD, NEW CASTLE, PA, 161052052

- **Plan Type:** 401(k)

- **Total Participants:** 370

- **Total Assets:** $22.2M

## 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|370|$22.2M|$416,661|$1.0M|

| 2023|387|$19.1M|$386,992|$1.0M|

| 2022|355|$16.8M|$485,928|$1.2M|

## 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|

| CORNERSTONE ADVISORS ASSET MGT|RIA|$60,529|—|$60,529|

| GROSSMAN YANAK & FORD LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CORNERSTONE ADVISORS ASSET MGT](https://planprovider.pro/provider/cornerstone-management-inc) — RIA

- [GROSSMAN YANAK & FORD LLP](https://planprovider.pro/provider/grossman-yanak-and-ford-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $60,529

- **Estimated Expense Ratio:** 0.272% 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|$114,422|$60,529|$1,982|—|—|

| 2023|$97,387|$52,511|$44,876|—|—|

| 2022|$99,455|$56,811|$42,644|—|—|

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