Plan Snapshot
- Plan Sponsor: Professional Group Plans, INC.
- Sponsor EIN: 113144545
- Sponsor Address: 225 WIRELESS BOULEVARD, HAUPPAUGE, NY, 11788
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $32.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 114 | $32.1M | $657,003 | $1.4M |
| 2023 | 111 | $28.1M | $607,731 | $1.3M |
| 2022 | 109 | $22.6M | $550,272 | $1.1M |
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 |
|---|---|---|---|---|
| BACCHIONI & COMPANY CPAS P.C | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $143,901 | — | $55,304 | — | — |
| 2023 | $116,276 | — | $44,078 | — | — |
| 2022 | $74,353 | $6,654 | $67,699 | — | — |