# Droneup, LLC 401(k) Plan
Source: https://planprovider.pro/companies/droneup-llc-401k-plan

> Droneup, LLC's 401(k) plan: 210 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Droneup, LLC

- **Sponsor EIN:** 814177107

- **Sponsor Address:** 160 NEWTOWN ROAD, SUITE 500, VIRGINIA BEACH, VA, 23462

- **Plan Type:** 401(k)

- **Total Participants:** 210

- **Total Assets:** $6.9M

## 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|210|$6.9M|$713,051|$1.6M|

| 2023|330|$5.8M|$878,023|$1.7M|

| 2022|190|$2.6M|$407,234|$882,892|

## 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|

| RAYMOND JAMES FINANCIAL SERVICES AD|INVESTMENT ADVISORY / NONE|$29,147|—|$29,147|

| STANCORP FINANCIAL GROUP|NONE|$13,006|—|$13,006|

| ADMINISTRATIVE GROUP, LLC DBA TAG R|RECORDKEEPER|$12,419|—|$12,419|

| CHERRY BEKAERT ADVISORY LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RAYMOND JAMES FINANCIAL SERVICES AD](https://planprovider.pro/provider/raymond-james-financial-inc) — INVESTMENT ADVISORY / NONE

- [STANCORP FINANCIAL GROUP](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [ADMINISTRATIVE GROUP, LLC DBA TAG R](https://planprovider.pro/provider/transamerica) — RECORDKEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $54,572

- **Estimated Expense Ratio:** 0.790% 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|$59,210|—|$59,210|—|—|

| 2023|$46,111|$19,065|$19,011|—|—|

| 2022|—|—|—|—|—|

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