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Original filing (PDF)20251015140840NAL0002421107001
SOURCEPASS, LLC
Form 5500
FILING_RECEIVED
SOURCEPASS 401(K) PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
454
Accounts w/ balance
437
Plan assets (EOY)
$25.9M
Net assets (EOY)
$25.9M
How this plan invests
This plan
14 pooled trusts
Schedule D
31 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 53 bps in Schedule C fees — 82% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for SOURCEPASS, LLC.
Plan sponsor
Name
SOURCEPASS, LLC
EIN
11-3615387
Address
515 BROADHOLLOW ROAD · SUITE 1400 · MELVILLE, NY · 11747
Phone
(877) 678-8080
Industry
Professional & Technical Servicessee 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
2A · Age/service weighted or new comparability
2E · Profit-sharing
2J · 401(k) feature
2K · 401(m) arrangement
2F · ERISA section 404(c)
2G · Total participant-directed accounts
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
GRASSI & CO., CPAS P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MML INVESTORS SERVICE LLC | 04-2746212 | — | INVESTMENT ADVISORY | $66K | — |
TPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE | 42-0127290 | — | CONTRACT ADMINISTRATOR | $66K | — |
| ASSOCIATED PENSION CONSULTANTS | 11-3271022 | — | CONTRACT ADMINISTRATOR | $5K | — |
Investments
17 direct securities · 14 pooled funds· $25.8M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$21.6M
13 holdings
Uncategorized
$4.2M
17 holdings
Pooled Separate Account
$21K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| PRIN LIFETIME HYBR 2030 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 005 | Common Collective Trust | — | — | $4.9M | 19.0% | |
| PRIN LIFETIME HYBR 2035 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 006 | Common Collective Trust | — | — | $3.2M | 12.2% | |
| PRIN LIFETIME HYBR 2040 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 007 | Common Collective Trust | — | — | $3.0M | 11.4% | |
| PRIN LIFETIME HYBR 2025 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 004 | Common Collective Trust | — | — | $2.5M | 9.8% | |
| PRIN LIFETIME HYBR 2045 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 008 | Common Collective Trust | — | — | $2.3M | 8.9% | |
| PRIN LIFETIME HYBR 2050 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 009 | Common Collective Trust | — | — | $2.2M | 8.5% | |
| PRIN LIFETIME HYBR 2055 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 010 | Common Collective Trust | — | — | $2.0M | 7.9% | |
| Fidelity Investments Fidelity 500 Index Fund | — | — | — | $1.5M | 5.9% | |
| JP Morgan Funds JP Morgan Large Cap Gr R6 Fd | — | — | — | $774K | 3.0% | |
| PRIN LIFETIME HYBR 2060 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 012 | Common Collective Trust | — | — | $492K | 1.9% | |
| Vanguard Group Vanguard Fed Money Mrkt Inv Fd | — | — | — | $399K | 1.5% | |
| PRIN LIFETIME HYBR 2020 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 003 | Common Collective Trust | — | — | $399K | 1.5% | |
| PRIN LIFETIME HYBR 2065 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 013 | Common Collective Trust | — | — | $385K | 1.5% | |
| JP Morgan Funds JP Morgan Equity Income R6 Fd | — | — | — | $247K | 1.0% | |
| Participant Loans Interest rates ranging from 4.25% to 9.50% $ -0- | — | — | — | $213K | 0.8% | |
| Vanguard Group Vanguard MidCap Val Idx Adm Fd | — | — | — | $171K | 0.7% | |
| American Century Investments American Century SC Gr R6 Fd | — | — | — | $160K | 0.6% | |
| PRIN LIFETIME HYBR 2070 Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 014 | Common Collective Trust | — | — | $152K | 0.6% | |
| BlackRock HY Portfolio K Fund | — | — | — | $150K | 0.6% | |
| SEI TRUST COMPANY ALLSPRING CORE BOND R6 FD ** 455 T. Rowe Price Funds T. Rowe Price Spm Mod Allo Fnd ** 497 T. Rowe Price Funds T.Rw Prc Spc Md Gr Allo I Fund | — | — | — | $102K | 0.4% | |
| Fidelity Investments Fidelity International Idx Fd | — | — | — | $95K | 0.4% | |
| PIMCO Funds PIMCO StocksPLUS Intl I Fund | — | — | — | $80K | 0.3% | |
| Fidelity Investments Fidelity Mid Cp Index Fund | — | — | — | $72K | 0.3% | |
| Eagle Financial Services, Inc. Carillon Eagle MidCaGwth R6 Fd | — | — | — | $69K | 0.3% | |
| Fidelity Investments Fidelity Sm Cap Index Fund | — | — | — | $40K | 0.2% | |
| Delaware Investments Macquarie Emerging Markets R6 | — | — | — | $34K | 0.1% | |
| PRIN REAL ESTATE SECS SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 095 | Pooled Separate Account | — | — | $21K | <0.1% | |
| PRIN LIFETIME HYBR 2015 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 002 | Common Collective Trust | — | — | $13K | <0.1% | |
| Franklin Templeton Investments Franklin Small Cap Value R6 Fd | — | — | — | $12K | <0.1% | |
| Lord Abbett Lord Abbett Sht Drtn Inc R6 Fd ** 609 PIMCO Funds PIMCO Income Institutional Fd | — | — | — | $7K | <0.1% | |
| PRIN LIFETIME HYBR INC CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 011 | Common Collective Trust | — | — | $6K | <0.1% |
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