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
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 266 | H, C | 20250711130250NAL0004239043001 |
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
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.
18%82%
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)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $44,406 | $15 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $29,424 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Project Enhancement Corporation
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Germantown, MD
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation