Project Enhancement Corporation 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Project Enhancement Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Project Enhancement Corporation 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Project Enhancement Corporation under EIN 52-2088814 and plan number 001. The latest loaded filing year is 2023. The filing reports 266 participants and $20,274,282 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$20.3MPlan net assets, end of year$20,274,282
Participants266Covered participants reported
Assets / participant$76.2KComputed: assets ÷ participants$76,219 (computed)
Provider compensation$73.8K3 Schedule C provider row(s)$73,845
Plan sponsor
Project Enhancement Corporation
EIN
52-2088814
Plan number
001
Plan type
2
Location
Germantown, MD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023266H, C20250711130250NAL0004239043001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$20.3M total assets
Net assets$20.3MLiabilities$0
Money in vs. money out
Total income / additions$6.5M
Total expenses$2.6M
Benefits paid / distributions$2.5M
Contributions
Employer$400.7K
Participant$1.8M
Full reported line items

Net assets

Total assets (EOY)
$20,274,282
Total liabilities (EOY)
$0
Net assets (EOY)
$20,274,282
Net assets (BOY)
$16,330,691

Income & contributions

Employer contributions
$400,655
Participant contributions
$1,785,463
Total contributions
$2,409,240
Total income / additions
$6,526,338

Expenses & distributions

Benefits paid
$2,493,364
Administrative expenses
$73,831
Total expenses
$2,582,747
Net increase / (decrease)
$3,943,591
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 18%Participant 82%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income38%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Merrill Lynch Pierce Fenner & SmithCONSULTANT$44,406$152023
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$29,424$02023
Morningstar Investment Management LINV ADV, PARTICIPANTS$0$02023

Related Form 5500 pages