Plan Snapshot
- Plan Sponsor: Progressive Lighting, INC.
- Sponsor EIN: 581269002
- Sponsor Address: 3130 BERKELEY LAKE ROAD, DULUTH, GA, 30096
- Plan Type: 401(k)
- Total Participants: 205
- Total Assets: $6.0M
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 | 205 | $6.0M | $68,150 | $523,727 |
| 2023 | 228 | $6.7M | $82,927 | $552,299 |
| 2022 | 252 | $6.6M | $56,112 | $585,686 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $27,568 | — | $27,568 |
| JANNEY MONTGOMERY SCOTT LLC | Investment Advisor | $24,931 | — | $24,931 |
| PENSION FINANCIAL SERVICES INC | Recordkeeper | $100 | $8,064 | $8,164 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,663
- Estimated Expense Ratio: 1.016% 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 | $52,605 | $24,936 | $27,669 | — | — |
| 2023 | $58,980 | $25,271 | $33,709 | — | — |
| 2022 | $58,673 | $27,935 | $30,738 | — | — |