Plan Snapshot
- Plan Sponsor: Purcell Construction Corp.
- Sponsor EIN: 161007753
- Sponsor Address: 566 COFFEEN ST, WATERTOWN, NY, 136012460
- Plan Type: 401(k)
- Total Participants: 77
- Total Assets: $19.8M
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 | 77 | $19.8M | $375,368 | $529,854 |
| 2023 | 83 | $17.2M | $412,904 | $604,693 |
| 2022 | 91 | $16.7M | $442,339 | $556,859 |
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 |
|---|---|---|---|---|
| THE JAMES P REAGAN AGENCY | Other Service Provider | $64,077 | — | $64,077 |
| BENEFIT PLANS ADMIN SERVICES, INC. | Recordkeeper | $17,375 | — | $17,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT PLANS ADMIN SERVICES, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,452
- Estimated Expense Ratio: 0.412% 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 | $81,452 | $77,619 | $3,833 | — | — |
| 2023 | $76,035 | $71,657 | $4,378 | — | — |
| 2022 | $76,527 | $71,287 | $5,240 | — | — |