Plan Snapshot
- Plan Sponsor: Professional Software Engineering, INC.
- Sponsor EIN: 541318467
- Sponsor Address: 500 VIKING DRIVE, STE 301, VIRGINIA BEACH, VA, 234527477
- Plan Type: 401(k)
- Total Participants: 44
- Total Assets: $14.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 44 | $14.1M | $228,591 | $811,463 |
| 2023 | 106 | $14.8M | $220,629 | $992,593 |
| 2022 | 110 | $14.0M | $191,773 | $836,294 |
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 |
|---|---|---|---|---|
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, LLP — Auditor
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 | $56,044 | $34,534 | $21,510 | — | — |
| 2023 | $37,215 | $28,473 | $8,742 | — | — |
| 2022 | $40,350 | $26,040 | $14,310 | — | — |