Plan Snapshot
- Plan Sponsor: Elon University
- Sponsor EIN: 560532303
- Sponsor Address: 314 WEST HAGGARD AVE, ELON, NC, 27244
- Plan Type: 403(b)
- Total Participants: 1,712
- Total Assets: $324.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,712 | $324.2M | $8.9M | $4.5M |
| 2023 | 1,613 | $298.5M | $8.1M | $4.0M |
| 2022 | 1,521 | $264.5M | $7.6M | $3.8M |
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 |
|---|---|---|---|---|
| TIAA | NONE | $193,161 | — | $193,161 |
| HIGHLAND CONSULTING | NONE | $79,065 | — | $79,065 |
| TRUST COMPANY OF THE SOUTH | NONE | $31,080 | — | $31,080 |
| VERITY ASSET MANAGEMENT, INC. | NONE | $6,728 | — | $6,728 |
| GRANT THORNTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- GRANT THORNTON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $310,034
- Estimated Expense Ratio: 0.096% 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 | $312,371 | $131,594 | $1,212 | — | — |
| 2023 | $169,528 | $121,138 | $2,102 | — | — |
| 2022 | $247,864 | $20,594 | — | — | $211,998 |