Plan Snapshot
- Plan Sponsor: Propel Schools
- Sponsor EIN: 030483260
- Sponsor Address: 3447 EAST CARSON STREET, SUITE 200, PITTSBURGH, PA, 15203
- Plan Type: 401(k)
- Total Participants: 593
- Total Assets: $22.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 593 | $22.9M | $2.6M | $1.4M |
| 2023 | 524 | $18.6M | $2.3M | $1.2M |
| 2022 | 476 | $14.1M | $2.2M | $1.1M |
| 2019 | 505 | $7.7M | $0 | $0 |
| 2018 | 443 | $4.7M | $0 | $0 |
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 |
|---|---|---|---|---|
| GOFF BACKA ALFERA & COMPANY LLC | 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 | $26,487 | $7,178 | $18,584 | — | — |
| 2023 | $48,062 | $10,401 | $29,261 | — | — |
| 2022 | $81,296 | $81,296 | — | — | — |
| 2019 | $8,639 | $8,639 | — | — | — |
| 2018 | $6,621 | $6,621 | — | — | — |