Plan Snapshot
- Plan Sponsor: Elephant Insurance Services, LLC
- Sponsor EIN: 320257234
- Sponsor Address: PO BOX 500, GLEN ALLEN, VA, 230585005
- Plan Type: 401(k)
- Total Participants: 415
- Total Assets: $39.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 415 | $39.7M | $1.2M | $2.6M |
| 2023 | 504 | $34.0M | $1.7M | $2.6M |
| 2022 | 578 | $28.8M | $1.6M | $2.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $106,655 | — | $106,655 |
| SAGEVIEW | INVESTMENT ADVISORY | $7,500 | — | $7,500 |
| BROWN EDWARDS & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW — INVESTMENT ADVISORY
- BROWN EDWARDS & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,155
- Estimated Expense Ratio: 0.287% 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 | $114,155 | $7,500 | $106,655 | — | — |
| 2023 | $108,736 | — | $108,736 | — | — |
| 2022 | $101,679 | — | $101,679 | — | — |