Plan Snapshot
- Plan Sponsor: Elias Law Group LLP
- Sponsor EIN: 871808790
- Sponsor Address: 250 MASSACHUSETTS AVENUE, WASHINGTON, DC, 20001
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 114
- Total Assets: $110,809
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 | 114 | $110,809 | $1.3M | $237,050 |
| 2023 | 113 | $205,418 | $995,220 | $200,267 |
| 2022 | 112 | $126,659 | $831,619 | $199,062 |
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 |
|---|---|---|---|---|
| CAREFIRST ADMINISTRATORS | Other Service Provider | $50,626 | — | $50,626 |
| THE BENECON GROUP LLC | Investment Advisor | $27,481 | — | $27,481 |
| CONNECTRCARE3 | Other Service Provider | $7,378 | — | $7,378 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,485
- Estimated Expense Ratio: 77.146% 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 | $657,249 | $34,859 | $50,626 | — | — |
| 2023 | $540,491 | $33,787 | $51,087 | — | — |
| 2022 | $444,652 | $29,727 | $44,318 | — | — |