Plan Snapshot
- Plan Sponsor: Element Vehicle Management Services Group, LLC
- Sponsor EIN: 352441330
- Sponsor Address: 940 RIDGEBROOK ROAD, SPARKS, MD, 21152
- Plan Type: 401(k)
- Total Participants: 1,492
- Total Assets: $156.9M
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 | 1,492 | $156.9M | $3.5M | $9.1M |
| 2023 | 1,099 | $143.9M | $3.4M | $8.9M |
| 2022 | 1,016 | $122.3M | $3.3M | $8.4M |
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 |
|---|---|---|---|---|
| MCKONLY & ASBURY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCKONLY & ASBURY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $118,185 | — | — | — | — |
| 2023 | $109,902 | — | — | — | — |
| 2022 | $100,420 | — | — | — | — |