# Digital Promise 401(k) Plan
Source: https://planprovider.pro/companies/digital-promise-plan

> Digital Promise&#39;s 401(k) plan: 211 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|

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