Plan Snapshot
- Plan Sponsor: Dealeron, INC.
- Sponsor EIN: 061730666
- Sponsor Address: 7361 CALHOUN PL STE 420, DERWOOD, MD, 208552833
- Plan Type: DC
- Total Participants: 492
- Total Assets: $22.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 492 | $22.2M | $1.1M | $2.4M |
| 2023 | 474 | $15.5M | $987,670 | $2.1M |
| 2022 | 407 | $10.1M | $818,881 | $1.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $157,055 | — | $157,055 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $82,946 | $43 | $82,989 |
| BORMEL, GRICE & HUYETT, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $240,044
- Estimated Expense Ratio: 1.080% of plan assets
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 | $240,001 | $41,473 | $157,055 | — | — |
| 2023 | $177,413 | $30,241 | $116,931 | — | — |
| 2022 | $135,130 | $23,620 | $87,890 | — | $23,620 |