Plan Snapshot
- Plan Sponsor: Protective Industries, INC.
- Sponsor EIN: 203117446
- Sponsor Address: 2150 ELMWOOD AVENUE, BUFFALO, NY, 14207
- Plan Type: 401(k)
- Total Participants: 1,138
- Total Assets: $97.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 1,138 | $97.6M | $2.8M | $5.3M |
| 2023 | 106 | $1.9M | $0 | $0 |
| 2022 | 93 | $1.8M | $100,000 | $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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $74,233 | — | $74,233 |
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $50,000 | — | $50,000 |
| ERNST & YOUNG U.S. LLP | OTHER | $18,500 | — | $18,500 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $15,000 | — | $15,000 |
| ERNST AND YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST AND YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $157,733
- Estimated Expense Ratio: 0.162% 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 | $158,033 | $65,000 | — | — | — |
| 2023 | $17,120 | $17,120 | — | — | — |
| 2022 | $16,039 | $16,039 | — | — | — |