Plan Snapshot
- Plan Sponsor: Proton Energy Systems, INC.
- Sponsor EIN: 611846104
- Sponsor Address: 10 TECHNOLOGY DRIVE, WALLINGFORD, CT, 06492
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $28.0M
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 | 178 | $28.0M | $470,382 | $1.7M |
| 2023 | 192 | $23.1M | $377,345 | $1.6M |
| 2022 | 175 | $18.6M | $283,818 | $1.4M |
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 |
|---|---|---|---|---|
| COHNREZNIK LLP | 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 | $14,172 | $7,542 | $5,930 | — | — |
| 2023 | $8,747 | — | — | — | — |
| 2022 | $9,341 | — | $9,341 | — | — |