Plan Snapshot
- Plan Sponsor: Proximo Distillers, LLC
- Sponsor EIN: 273382347
- Sponsor Address: 3 SECOND STREET, JERSEY CITY, NJ, 07302
- Plan Type: 401(k)
- Total Participants: 168
- Total Assets: $6.7M
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 | 168 | $6.7M | $414,561 | $283,248 |
| 2023 | 154 | $6.5M | $398,509 | $282,471 |
| 2022 | 161 | $5.5M | $407,156 | $322,347 |
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 |
|---|---|---|---|---|
| BDO USA, P.C | Auditor | $1,008 | — | $1,008 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,008
- Estimated Expense Ratio: 0.015% 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 | $6,777 | $406 | — | $1,008 | — |
| 2023 | $5,760 | $179 | — | $1,058 | — |
| 2022 | $24,215 | $10,876 | $3,752 | — | — |