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Original filing (PDF)20251015085346NAL0002129059001
PROGRAM DEVELOPMENT SERVICES, INC.
Form 5500
FILING_RECEIVED
SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF PROGRAM DEVELOPMENT SERVICES, INC.
403(b) retirement plan
Signals · 2
50% in single holdingNo recordkeeper disclosed
Active participants
326
Accounts w/ balance
406
Plan assets (EOY)
$8.2M
Net assets (EOY)
$8.2M
How this plan invests
This plan
28 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
93
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Principal Funds, Inc. Principal Strategic Asset Management Balanced Portfolio" is 50% of plan.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Below-peer total fees (26 bps vs 52 bps peer median).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PROGRAM DEVELOPMENT SERVICES, INC..
Plan sponsor
Name
PROGRAM DEVELOPMENT SERVICES, INC.
EIN
11-2715916
Address
33 35TH STREET SUITE B621, BUILDING · BROOKLYN, NY · 11232
Phone
(718) 256-2212
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2L · 403(b)(1) annuity
2F · ERISA section 404(c)
Audit & trust (Schedule H)
Auditor
FORVIS MAZARS, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILSHIRE ADVISORS LLC | 95-2755361 | — | INVESTMENT ADVISORY | $0 | — |
TPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $20K | — |
| ASSOCIATED PENSION CONSULTANTS, INC | 11-3271022 | MELVILLE, NY | CONTRACT ADMINISTRATOR | $1K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORGAN STANLEY | 26-4310632 | — | OTHER SERVICE | $0 | — |
Investments
28 direct securities· $7.9M(96% of reported assets)
Uncategorized
$7.9M
27 holdings
Mutual Funds
$61K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Principal Funds, Inc. Principal Strategic Asset Management Balanced Portfolio | — | — | — | $3.9M | 47.8% | |
| Guaranteed Investment Accounts * Principal Life Insurance Company Guaranteed Investment Account (Interest rates credited from 0.90% - 1.10%) | — | — | — | $1.6M | 19.4% | |
| Principal Funds, Inc. Principal Strategic Asset Management Conservative Growth Pt | — | — | — | $1.0M | 12.6% | |
| Principal Funds, Inc. Principal Strategic Asset Management Strategic Growth Portfolio | — | — | — | $374K | 4.5% | |
| Principal Funds, Inc. Principal MidCap S&P 400 Index Fund | — | — | — | $146K | 1.8% | |
| Principal Funds, Inc. Principal Strategic Asset Management Conservative Balanced Pt | — | — | — | $144K | 1.7% | |
| Franklin Templeton Investments Franklin Growth Fund - Class A | — | — | — | $124K | 1.5% | |
| Principal Funds, Inc. Principal Strategic Asset Management Flexible Income Portfolio | — | — | — | $100K | 1.2% | |
| Principal Funds, Inc. Principal Inflation Protection Fund | — | — | — | $69K | 0.8% | |
| The American Funds American - The Growth Fund of America | Mutual Funds | — | — | $61K | 0.7% | |
| Principal Funds, Inc. Principal SmallCap Fund | — | — | — | $44K | 0.5% | |
| Principal Funds, Inc. Principal SmallCap S&P 600 Index Fund | — | — | — | $37K | 0.4% | |
| Principal Funds, Inc. Principal Global Emerging Markets | — | — | — | $34K | 0.4% | |
| Principal Funds, Inc. Principal LargeCap S&P 500 Index Fund | — | — | — | $33K | 0.4% | |
| Principal Funds, Inc. Principal MidCap Value Fund I | — | — | — | $30K | 0.4% | |
| Franklin Templeton Investments Franklin Growth Opportunities - Class A | — | — | — | $27K | 0.3% | |
| Principal Funds, Inc. Principal Core Plus Bond Fund | — | — | — | $25K | 0.3% | |
| Principal Funds, Inc. Principal LargeCap Growth Fund I | — | — | — | $24K | 0.3% | |
| Fidelity Investments Fidelity Advisor Stock Select Mid Cap M Fund | — | — | — | $18K | 0.2% | |
| Principal Funds, Inc. Principal International Equity Index Fund | — | — | — | $17K | 0.2% | |
| The American Funds American - The Bond Fund of America | — | — | — | $14K | 0.2% | |
| Principal Funds, Inc. Principal Capital Appreciation Fund | — | — | — | $12K | 0.1% | |
| Principal Funds, Inc. Principal LargeCap Value Fund III | — | — | — | $9K | 0.1% | |
| Franklin Templeton Investments Franklin Small Cap Growth Fund - Class A | — | — | — | $8K | <0.1% | |
| Franklin Templeton Investments Frk Biotechnology Discovery Fund - Cl A | — | — | — | $7K | <0.1% | |
| Principal Funds, Inc. Principal Equity Income Fund | — | — | — | $4K | <0.1% | |
| Franklin Templeton Investments Franklin Strategic Income Fund - Class A 239 Franklin Templeton Investments Franklin Small-mid Cap Gr Fund - Class A | — | — | — | $3K | <0.1% | |
| Franklin Templeton Investments Templeton Foreign Fund - Class A | — | — | — | $1K | <0.1% |
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