Plan Snapshot
- Plan Sponsor: Elevate Property Management, LLC
- Sponsor EIN: 273695592
- Sponsor Address: 856 LAKE STREET EAST, WAYZATA, MN, 553911803
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $2.0M
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 | 80 | $2.0M | $117,935 | $346,537 |
| 2023 | 79 | $1.8M | $129,157 | $316,854 |
| 2022 | 67 | $1.4M | $119,483 | $327,422 |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INSURAN | RECORDKEEPER | $24,502 | — | $24,502 |
| TAX SHELTERED COMPENSATION, INC | RECORDKEEPER | $11,007 | — | $11,007 |
| BRADY MARTZ AND ASSOCIATES, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INSURAN — RECORDKEEPER
- BRADY MARTZ AND ASSOCIATES, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,509
- Estimated Expense Ratio: 1.770% 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 | $35,880 | $371 | $11,007 | — | — |
| 2023 | $28,325 | — | $28,325 | — | — |
| 2022 | $30,470 | — | $30,470 | — | — |