How big is Propel Inc.'s plan?

Propel Inc.'s plan reported $9.1M in assets and 100 participants for 2024.

Original filing (PDF)20250618220046NAL0002746561009

Propel Inc.

Name: Propel Inc. — Propel 401(k) Plan, Form 5500 (2024)
Creator: Propel Inc.
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Propel 401(k) Plan

401(k) retirement plan · Propel Inc.'s Propel 401(k) Plan held $9.1M in plan assets for 100 participants in 2024.

Active participants

100

Accounts w/ balance

122

Plan assets (EOY)

$9.1M

Net assets (EOY)

$9.1M

Plan identifiers

Propel Inc.'s EIN is 47-1508947.

EIN 47-1508947

Plan number 001

Plan year 2024

ACK ID 20250618220046NAL0002746561009

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Propel Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Propel Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

No IQPA named; plan is in the 80-120 transition zone.

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

PROPEL INC

EIN

all filings

Address

235 DUFFIELD STREET · SUITE 1700 · BROOKLYN, NY · 11201

Phone

(347) 342-1532

Industry

Data Processing, Hosting· Information / Tech / Media

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

2025-06-18

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)

Service providers (Schedule C)

Small plans don't disclose service providers

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