# Prospect Echn, INC. DB Plan
Source: https://planprovider.pro/companies/prospect-echn-inc-plan

> Prospect Echn, INC.'s DB plan: 304 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Prospect Echn, INC.

- **Sponsor EIN:** 812312893

- **Sponsor Address:** 71 HAYNES STREET, MANCHESTER, CT, 06040

- **Plan Type:** DB

- **Total Participants:** 304

- **Total Assets:** $74.2M

## 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|304|$74.2M|$4.5M|$0|

| 2023|335|$85.6M|$5.6M|$0|

| 2022|378|$87.6M|$1.6M|$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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$320,609|—|$320,609|

| BDO|ACCOUNTANT|$52,624|—|$52,624|

| AETNA LIFE INSURANCE COMPANY|RECORDKEEPER/BOOKKEEPER|$25,931|—|$25,931|

| GROOM LAW GROUP, CHARTERED|LEGAL|$20,425|—|$20,425|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BDO](https://planprovider.pro/provider/bdo-usa-pc) — ACCOUNTANT

- [GROOM LAW GROUP, CHARTERED](https://planprovider.pro/provider/groom-law-group) — LEGAL

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $419,589

- **Estimated Expense Ratio:** 0.566% 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|$1,689,807|—|$338,921|$34,312|—|

| 2023|$1,612,223|—|$313,803|—|—|

| 2022|$1,511,953|—|$302,827|—|$27,148|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/prospect-echn-inc-plan)

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