# Psalms, INC. DC Plan
Source: https://planprovider.pro/companies/psalms-inc-plan

> Psalms, INC.&#39;s DC plan: 140 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Psalms, INC.

- **Sponsor EIN:** 621106224

- **Sponsor Address:** 3535 KIRBY PARKWAY, MEMPHIS, TN, 381153721

- **Plan Type:** DC

- **Total Participants:** 140

- **Total Assets:** $1.6M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|140|$1.6M|$96,000|$0|

| 2023|164|$1.6M|$96,000|$0|

| 2022|172|$1.4M|$94,823|$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|

| WATKINS AND UIBERALL, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WATKINS AND UIBERALL, PLLC](https://planprovider.pro/provider/watkins-uiberall-pllc) — Auditor

## 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|$1,525|$1,525|—|—|—|

| 2023|$1,327|$1,327|—|—|—|

| 2022|$1,472|$1,472|—|—|—|

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