Plan Snapshot
- Plan Sponsor: Pelican Educational Foundation INC.
- Sponsor EIN: 203801713
- Sponsor Address: 8716 SIEGEN LANE, BATON ROUGE, LA, 70810
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 72
- Total Assets: $2.1M
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 | 72 | $2.1M | $84,985 | $63,507 |
| 2023 | 62 | $1.9M | $173,634 | $48,064 |
| 2022 | 77 | $1.5M | $134,693 | $46,769 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $5,875 | $13,384 | $19,259 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,259
- Estimated Expense Ratio: 0.938% 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 | $5,875 | — | $5,875 | — | — |
| 2023 | $5,740 | — | $5,740 | — | — |
| 2022 | $6,680 | — | $6,680 | — | — |