Plan Snapshot
- Plan Sponsor: Monument Academy INC
- Sponsor EIN: 463662061
- Sponsor Address: 2238 Q ST NW, WASHINGTON, DC, 20008
- Plan Type: 401(k)
- Total Participants: 109
- Total Assets: $2.2M
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 | 109 | $2.2M | $140,893 | $178,473 |
| 2023 | 106 | $1.9M | $151,751 | $188,319 |
| 2022 | 88 | $1.5M | $171,814 | $213,546 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $27,765 | — | $27,765 |
| THE CAPITAL GROUP INVESTMENT | SERVICE PROVIDER | — | $11,575 | $11,575 |
| SB & COMPANY LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,340
- Estimated Expense Ratio: 1.809% 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 | $27,765 | $4,612 | $22,803 | — | — |
| 2023 | $13,271 | — | $12,921 | — | — |
| 2022 | $6,161 | — | $2,894 | — | — |