Plan Snapshot
- Plan Sponsor: Edgewood Management Corporation
- Sponsor EIN: 521491854
- Sponsor Address: 9711 WASHINGTONIAN BLVD #200, GAITHERSBURG, MD, 20878
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 300
- Total Assets: $2.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 300 | $2.0M | $3.1M | $1.0M |
| 2023 | 389 | $2.5M | $2.8M | $1.1M |
| 2022 | 503 | $3.8M | $3.0M | $1.1M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COM | Other Service Provider | $258,626 | — | $258,626 |
| EDGEWOOD MANAGEMENT CORPORATION | Other Service Provider | $187,185 | — | $187,185 |
| HARTFORD LIFE AND ACCIDENT | Other Service Provider | $11,391 | — | $11,391 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $457,202
- Estimated Expense Ratio: 23.250% 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 | $497,749 | — | $129,236 | — | — |
| 2023 | $549,921 | — | $156,412 | — | — |
| 2022 | $607,752 | — | $192,567 | — | $20,790 |