# Elite Properties Of America, INC. Dba Classic Companies 401(k) Plan
Source: https://planprovider.pro/companies/elite-properties-of-america-inc-dba-classic-companies-401k-plan

> Elite Properties Of America, INC. Dba Classic Companies's 401(k) plan: 406 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/royal-bank-of-canada) — NONE

- [ALERUS FINANCIAL N.A.](https://planprovider.pro/provider/intellicents-inc) — NONE

- [BIGGS KOFFORD, P.C.](https://planprovider.pro/provider/biggskofford-pc) — 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|—|—|—|

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- [Century Communities, INC.](https://planprovider.pro/companies/century-communities-inc-401k-plan) — 1,869 participants

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