Plan Snapshot
- Plan Sponsor: Propulsion Technologies Internat
- Sponsor EIN: 651127945
- Sponsor Address: 15301 SW 29TH STREET, MIRAMAR, FL, 33207
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $7.7M
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 | 132 | $7.7M | $388,406 | $743,668 |
| 2023 | 140 | $6.5M | $384,396 | $594,983 |
| 2022 | 112 | $5.8M | $303,339 | $508,131 |
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 |
|---|---|---|---|---|
| GERSON PRESTON KLEIN LIPS EISENB | 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 | $45,895 | $16,793 | — | — | — |
| 2023 | $36,725 | $14,201 | — | — | — |
| 2022 | $29,732 | — | — | — | — |