Plan Snapshot
- Plan Sponsor: Providence Holding, INC.
- Sponsor EIN: 460913058
- Sponsor Address: 1201 MAIN STREET, BATON ROUGE, LA, 70802
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $12.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 116 | $12.1M | $242,748 | $667,676 |
| 2023 | 113 | $10.1M | $200,396 | $589,893 |
| 2022 | 97 | $8.7M | $139,097 | $480,743 |
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 | Recordkeeper | $44,739 | — | $44,739 |
| CETERA INVESTMENT ADVISORS | Investment Advisor | — | $15,097 | $15,097 |
| CETERA ADVISORS | Investment Advisor | — | $13,261 | $13,261 |
| SENTINEL PENSION AND PAYROLL | Recordkeeper | $2,578 | $5,461 | $8,039 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,136
- Estimated Expense Ratio: 0.671% 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 | $47,282 | — | $47,282 | — | — |
| 2023 | $39,649 | — | $39,649 | — | — |
| 2022 | $38,288 | $4,575 | $33,713 | — | — |