Plan Snapshot
- Plan Sponsor: Provident Management Corporation
- Sponsor EIN: 591870484
- Sponsor Address: 107 HAMPTON ROAD, SUITE 100, CLEARWATER, FL, 33759
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $5.1M
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 | 151 | $5.1M | $41,544 | $313,539 |
| 2023 | 181 | $4.4M | $40,496 | $283,235 |
| 2022 | 150 | $4.3M | $39,630 | $268,259 |
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 |
|---|---|---|---|---|
| HOWARD AND COMPANY CPAS P.A. | 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 | $21,686 | $960 | — | — | — |
| 2023 | $25,471 | $851 | — | — | — |
| 2022 | $17,848 | $865 | — | — | — |