Plan Snapshot
- Plan Sponsor: Propel Peo, INC.
- Sponsor EIN: 205888849
- Sponsor Address: 669 N. ACADEMY STREET, GREENVILLE, SC, 29601
- Plan Type: 401(k)
- Total Participants: 1,496
- Total Assets: $85.4M
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 | 1,496 | $85.4M | $3.2M | $7.4M |
| 2023 | 1,609 | $42.5M | $2.8M | $6.0M |
| 2022 | 1,544 | $27.4M | $1.7M | $3.5M |
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 |
|---|---|---|---|---|
| JASON F. CLAUSEN, 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 | $466,128 | — | $386,992 | — | — |
| 2023 | $266,745 | — | $255,428 | — | — |
| 2022 | $204,084 | — | $178,913 | — | $22,300 |