Plan Snapshot
- Plan Sponsor: Proud Moments Mso LLC
- Sponsor EIN: 814946597
- Sponsor Address: 350 5TH AVE STE 6115, NEW YORK, NY, 101186002
- Plan Type: DC
- Total Participants: 3,251
- Total Assets: $13.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 3,251 | $13.9M | $1.8M | $3.7M |
| 2022 | 2,629 | $8.4M | $1.7M | $3.4M |
| 2021 | 3,777 | $5.0M | $0 | $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 | $771,228 | — | $771,228 |
| HMM & CO., LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $771,228
- Estimated Expense Ratio: 5.547% 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 |
|---|---|---|---|---|---|
| 2023 | $385,614 | — | $385,614 | — | — |
| 2022 | $277,382 | — | $277,382 | — | — |
| 2021 | $189,091 | — | $189,091 | — | — |