Plan Snapshot
- Plan Sponsor: Pro Search, INC.
- Sponsor EIN: 010486313
- Sponsor Address: 70 CENTER ST. #3, PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 38
- Total Assets: $8.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 38 | $8.4M | $84,795 | $220,539 |
| 2023 | 51 | $7.2M | $98,470 | $217,253 |
| 2022 | 30 | $6.0M | $97,274 | $202,478 |
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 |
|---|---|---|---|---|
| STEWARD PARTNERS INVESTMENT ADVISOR | Investment Advisor | $6,042 | — | $6,042 |
| BLUE RIDGE ESOP ASSOCIATES | Other Service Provider | $2,155 | $2,884 | $5,039 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,081
- Estimated Expense Ratio: 0.132% 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 | $189,549 | — | — | — | — |
| 2023 | $40,449 | — | — | — | — |
| 2022 | $191,556 | — | — | — | — |