Plan Snapshot
- Plan Sponsor: Elme Communities
- Sponsor EIN: 530261100
- Sponsor Address: 7550 WISCONSIN AVE., BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 253
- Total Assets: $28.0M
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 | 253 | $28.0M | $667,214 | $1.9M |
| 2023 | 179 | $23.6M | $619,309 | $1.6M |
| 2022 | 73 | $21.9M | $267,152 | $783,462 |
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 |
|---|---|---|---|---|
| TOOLE KATZ & ROEMERSMA, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TOOLE KATZ & ROEMERSMA, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,028 | $2,226 | $300 | — | — |
| 2023 | -$2,462 | $1,083 | — | — | — |
| 2022 | -$257 | $138 | — | — | — |