Plan Snapshot
- Plan Sponsor: Digital Promise
- Sponsor EIN: 465460594
- Sponsor Address: 1001 CONN. AVE NW #935, WASHINGTON, DC, 20036
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $15.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- 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 | 211 | $15.3M | $1.4M | $2.1M |
| 2023 | 195 | $10.6M | $935,248 | $1.7M |
| 2022 | 159 | $6.9M | $538,125 | $1.5M |
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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES, INC. | TPA | $26,355 | — | $26,355 |
| COUNCILOR, BUCHANAN & MITCHELL, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,355
- Estimated Expense Ratio: 0.172% 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 | $26,460 | — | $26,460 | — | — |
| 2023 | $16,994 | — | $16,994 | — | — |
| 2022 | $16,202 | $16,202 | — | — | — |