Plan Snapshot
- Plan Sponsor: Cove Property Management, LP
- Sponsor EIN: 812848954
- Sponsor Address: 2999 N 44TH ST, PHOENIX, AZ, 85018
- Plan Type: 401(k)
- Total Participants: 406
- Total Assets: $5.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 406 | $5.2M | $494,145 | $1.0M |
| 2023 | 408 | $4.6M | $488,775 | $992,000 |
| 2022 | 495 | $2.8M | $336,589 | $629,603 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WALTERS & ASSOCIATES, CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $41,039 | $23,706 | $15,972 | — | — |
| 2023 | $36,550 | $17,871 | $10,350 | — | — |
| 2022 | $28,584 | $12,931 | $15,653 | — | — |