Plan Snapshot
- Plan Sponsor: Process Systems Incorporated Construction Company
- Sponsor EIN: 431974723
- Sponsor Address: 3732 EAST RAINES ROAD, MEMPHIS, TN, 38118
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 81 | $5.5M | $281,057 | $471,496 |
| 2023 | 191 | $4.8M | $245,683 | $510,188 |
| 2022 | 172 | $3.6M | $167,281 | $351,106 |
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 |
|---|---|---|---|---|
| FIDELITY MANAGEMENT TRUST COMPANY | PLAN ADMINISTRATOR | $28,827 | — | $28,827 |
| ATA, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ATA, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,827
- Estimated Expense Ratio: 0.524% 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 | $28,827 | — | — | — | — |
| 2023 | $22,823 | — | — | — | — |
| 2022 | $205,547 | — | $22,677 | — | — |