Plan Snapshot
- Plan Sponsor: Elite Spice, INC.
- Sponsor EIN: 521545176
- Sponsor Address: 7151 MONTEVIDEO ROAD, JESSUP, MD, 207949308
- Plan Type: 401(k)
- Total Participants: 801
- Total Assets: $37.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 801 | $37.8M | $416,527 | $2.7M |
| 2023 | 580 | $35.5M | $401,634 | $2.4M |
| 2022 | 529 | $31.1M | $374,346 | $2.2M |
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 | Recordkeeper | $82,357 | — | $82,357 |
| MMA SECURITIES LLC | Investment Advisor | $34,149 | $851 | $35,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,357
- Estimated Expense Ratio: 0.311% 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 | $116,506 | $34,005 | $82,501 | — | — |
| 2023 | $109,654 | $34,125 | $75,529 | — | — |
| 2022 | $106,035 | $34,043 | $71,992 | — | — |