Plan Snapshot
- Plan Sponsor: Covenant College
- Sponsor EIN: 430719506
- Sponsor Address: 14049 SCENIC HIGHWAY, LOOKOUT MOUNTAIN, GA, 307504100
- Plan Type: 403(b)
- Total Participants: 210
- Total Assets: $37.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 210 | $37.9M | $237,811 | $709,486 |
| 2023 | 207 | $34.5M | $209,888 | $662,151 |
| 2022 | 176 | $31.9M | $197,368 | $669,762 |
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 |
|---|---|---|---|---|
| CAPIN CROUSE | 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 | $8,597 | — | $8,597 | — | — |
| 2023 | $445 | — | $445 | — | — |
| 2022 | $7,947 | — | $7,947 | — | — |