Plan Snapshot
- Plan Sponsor: Elite Properties Of America, INC. Dba Classic Companies
- Sponsor EIN: 841130622
- Sponsor Address: 2138 FLYING HORSE CLUB DRIVE, COLORADO SPRINGS, CO, 80921
- Plan Type: 401(k)
- Total Participants: 406
- Total Assets: $31.7M
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 | 406 | $31.7M | $361,577 | $1.7M |
| 2023 | 408 | $27.2M | $335,008 | $1.6M |
| 2022 | 393 | $23.0M | $426,492 | $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 |
|---|---|---|---|---|
| CORRUNDUM GROUP MANAGEMENT | NONE | $51,250 | — | $51,250 |
| RBC WEALTH MANAGEMENT | NONE | $51,250 | — | $51,250 |
| ALERUS FINANCIAL N.A. | NONE | $39,108 | — | $39,108 |
| BIGGS KOFFORD, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC WEALTH MANAGEMENT — NONE
- ALERUS FINANCIAL N.A. — NONE
- BIGGS KOFFORD, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,608
- Estimated Expense Ratio: 0.447% 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 | $141,607 | $102,499 | — | — | — |
| 2023 | $120,000 | $84,146 | — | — | — |
| 2022 | $121,947 | $85,062 | — | — | — |