Plan Snapshot
- Plan Sponsor: Promise To Perform Industries, INC.
- Sponsor EIN: 872135647
- Sponsor Address: 604 HEMLOCK RD, MORGANTOWN, PA, 19543
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 96
- Total Assets: $49,870
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 96 | $49,870 | $1.0M | $359,192 |
| 2023 | 86 | $61,211 | $650,198 | $421,520 |
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 |
|---|---|---|---|---|
| ENGLE-HAMBRIGHT & DAVIES, INC. (EHD | Investment Advisor | $40,727 | — | $40,727 |
| THE BENECON GROUP | Investment Advisor | $30,127 | — | $30,127 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,854
- Estimated Expense Ratio: 142.077% 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 | $1,388,122 | — | — | — | — |
| 2023 | $1,162,953 | — | — | — | — |