# Process Equipment & Service Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/process-equipment-service-company-inc-850237928-001

> Process Equipment & Service Company, INC.'s 401(k) plan: 332 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 & 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|—|—|—|

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