Plan Snapshot
- Plan Sponsor: Prospect Capital Management, LP
- Sponsor EIN: 113716501
- Sponsor Address: 700 S. ROSEMARY AVE, WEST PALM BCH, FL, 33401
- Plan Type: DC
- Total Participants: 129
- Total Assets: $38.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 129 | $38.5M | $3.3M | $1.3M |
| 2023 | 122 | $31.7M | $2.5M | $983,093 |
| 2022 | 107 | $24.3M | $2.2M | $752,996 |
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 |
|---|---|---|---|---|
| PASQUA THOMAS | Investment Advisor | $68,477 | — | $68,477 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $16,734 | — | $16,734 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,211
- Estimated Expense Ratio: 0.221% 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 | $85,211 | $68,477 | — | — | — |
| 2023 | $73,306 | $53,959 | — | — | — |
| 2022 | $65,675 | — | — | — | — |