Plan Snapshot
- Plan Sponsor: Education Loan Finance, INC.
- Sponsor EIN: 621586836
- Sponsor Address: 12700 KINGSTON PIKE, KNOXVILLE, TN, 37934
- Plan Type: 401(k)
- Total Participants: 328
- Total Assets: $23.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 328 | $23.7M | $107,893 | $2.1M |
| 2023 | 300 | $19.6M | $97,979 | $1.9M |
| 2022 | 284 | $16.7M | $98,866 | $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 |
|---|---|---|---|---|
| AMERICAN TRUST | RECORDKEEPER | $8,039 | — | $8,039 |
| PYA, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,039
- Estimated Expense Ratio: 0.034% 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 | $13,767 | — | — | — | — |
| 2023 | $10,103 | — | — | — | — |
| 2022 | $11,953 | — | $11,953 | — | — |