Plan Snapshot
- Plan Sponsor: Procede Software LP
- Sponsor EIN: 542073787
- Sponsor Address: 240 S CEDROS AVE, SOLANA BEACH, CA, 92075
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $8.7M
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 | 132 | $8.7M | $123,717 | $995,175 |
| 2023 | 127 | $7.2M | $92,658 | $848,451 |
| 2022 | 110 | $5.6M | $84,771 | $782,904 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $54,112 | — | $54,112 |
| NFP RETIREMENT INC. | INVESTMENT ADVISORY | — | $30,446 | $30,446 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC. — INVESTMENT ADVISORY
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,558
- Estimated Expense Ratio: 0.971% 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 | $54,113 | — | $54,113 | — | — |
| 2023 | $24,407 | — | $24,407 | — | — |
| 2022 | $21,105 | — | $21,105 | — | — |