# Process Equipment, INC. 401(k) Plan
Source: https://planprovider.pro/companies/process-equipment-inc-401k-plan

> Process Equipment, INC.'s 401(k) plan: 393 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Process Equipment, INC.

- **Sponsor EIN:** 630799730

- **Sponsor Address:** 2770 WELBORN STREET, PELHAM, AL, 351241760

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

- **Total Participants:** 393

- **Total Assets:** $20.5M

## 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|393|$20.5M|$825,767|$2.1M|

| 2023|458|$17.9M|$942,993|$2.0M|

| 2022|453|$13.7M|$318,332|$1.7M|

## 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|$43,615|—|$43,615|

| WARREN AVERRETT|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $43,615

- **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|$44,756|—|$44,756|—|—|

| 2023|$35,946|—|$35,946|—|—|

| 2022|$30,515|—|$30,515|—|—|

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