Plan Snapshot
- Plan Sponsor: Professional Personnel Service, INC.
- Sponsor EIN: 621527002
- Sponsor Address: 1040 TIDEWATER COURT, KINGSPORT, TN, 37660
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $3.0M
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 | 122 | $3.0M | $84,814 | $258,690 |
| 2023 | 170 | $2.8M | $176,048 | $307,201 |
| 2022 | 223 | $2.5M | $172,851 | $340,126 |
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 |
|---|---|---|---|---|
| BLACKBURN, CHILDERS & STEAGALL, PLC | 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 | $25,319 | $14,381 | — | — | — |
| 2023 | $18,664 | $8,860 | $9,804 | — | — |
| 2022 | $5,743 | — | $5,743 | — | — |