Plan Snapshot
- Plan Sponsor: Process Equipment & Service Company, INC.
- Sponsor EIN: 850237928
- Sponsor Address: PO BOX 929, FARMINGTON, NM, 874990929
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 332
- Total Assets: $13.4M
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 | 332 | $13.4M | $662,433 | $696,636 |
| 2023 | 361 | $11.8M | $684,802 | $695,874 |
| 2022 | 332 | $10.0M | $622,517 | $660,090 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $57,030 | — | $57,030 |
| GUIDED CAPITAL WEALTH | Investment Advisor | $40,602 | — | $40,602 |
| MAP RETIREMENT USA LLC | Other Service Provider | $14,801 | — | $14,801 |
| CLIFTON LARSON ALLEN WEALTH ADVISOR | Other Service Provider | $10,329 | — | $10,329 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Other Service Provider | $6,291 | — | $6,291 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,053
- Estimated Expense Ratio: 0.962% 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 | $133,348 | — | $133,348 | — | — |
| 2023 | $95,315 | — | $95,315 | — | — |
| 2022 | $88,490 | $88,490 | — | — | — |