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Original filing (PDF)20251010060013NAL0004017171001
P.R.O.C.E.E.D. INC.
Form 5500
FILING_RECEIVED
P.R.O.C.E.E.D. INC. 401(K) PLAN
401(k) retirement plan
Signals · 1
31% in single holding
Active participants
64
Accounts w/ balance
117
Plan assets (EOY)
$7.1M
Net assets (EOY)
$7.1M
How this plan invests
This plan
19 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
97
/ 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
84
Total plan cost
100
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "BLACKROCK T-FUND - PREMIER" is 31% of plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for P.R.O.C.E.E.D. INC..
Plan sponsor
Name
P.R.O.C.E.E.D. INC.
EIN
22-2088378
Address
1126 DICKINSON STREET · ELIZABETH, NJ · 07201
Phone
(908) 351-7664
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
2025-10-10
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
ROSENBERG RICH BAKER BERMAN, P.A
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ADP BROKER-DEALER | 22-3319984 | — | RECORD KEEPER | $0 | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | 13-5674085 | — | INVESTMENT ADVISOR | $30K | — |
Investments
19 direct securities· $6.9M(97% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| BLACKROCK T-FUND - PREMIER | Registered Investment Companies | — | — | $2.2M | 30.5% | |
| HARTFORD CORE EQUITY FUND R6 | Registered Investment Companies | — | — | $1.2M | 17.2% | |
| WESTERN ASSET CORE PLUS BD IS | Registered Investment Companies | — | — | $666K | 9.4% | |
| MFS GROWTH FUND R6 | Registered Investment Companies | — | — | $547K | 7.7% | |
| JANUS HENDERSON BALANCED - N | Registered Investment Companies | — | — | $480K | 6.8% | |
| JPMORGAN EQUITY INCOME FUND R6 | Registered Investment Companies | — | — | $440K | 6.2% | |
| INVESCO DEVELOPING MKTS R6 | Registered Investment Companies | — | — | $413K | 5.8% | |
| MACQUARIE MID CAP GROWTH R6 | Registered Investment Companies | — | — | $376K | 5.3% | |
| MFS MID CAP VALUE FUND - R6 | Registered Investment Companies | — | — | $175K | 2.5% | |
| ISHARES S&P 500 INDEX K | Registered Investment Companies | — | — | $129K | 1.8% | |
| ISHARES RUSSELL 2000 SM CAP K | Registered Investment Companies | — | — | $101K | 1.4% | |
| ISHARES MSCI EAFE INTL INDEX K | Registered Investment Companies | — | — | $85K | 1.2% | |
| JOHN HANCOCK INTL GROWTH I | Registered Investment Companies | — | — | $63K | 0.9% | |
| TRP RETIREMENT 2025 I | Registered Investment Companies | — | — | $6K | <0.1% | |
| TRP RETIREMENT 2040 I | Registered Investment Companies | — | — | $5K | <0.1% | |
| TRP RETIREMENT 2035 I | Registered Investment Companies | — | — | $5K | <0.1% | |
| TRP RETIREMENT 2030 I | Registered Investment Companies | — | — | $5K | <0.1% | |
| TRP RETIREMENT 2045 I | Registered Investment Companies | — | — | $5K | <0.1% | |
| TRP RETIREMENT 2020 I | Registered Investment Companies | — | — | $5K | <0.1% |