Plan Snapshot
- Plan Sponsor: Potomac College, LLC
- Sponsor EIN: 830497458
- Sponsor Address: 1401 H STREET N.W STE 200, DISTRICT OF COLUMBIA, DC, 20005
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $2.1M
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 | 130 | $2.1M | $88,728 | $223,703 |
| 2023 | 99 | $1.7M | $82,980 | $179,552 |
| 2022 | 93 | $1.3M | $86,520 | $194,132 |
| 2021 | 136 | $1.4M | $0 | $0 |
| 2020 | 146 | $976,259 | $0 | $0 |
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 |
|---|---|---|---|---|
| SMITH & HOWARD PC | Auditor | — | — | $0 |
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 | $16,853 | — | $16,853 | — | — |
| 2023 | $4,772 | — | $4,768 | — | — |
| 2022 | $4,604 | $3,952 | — | — | — |
| 2021 | $4,728 | $4,728 | — | — | — |
| 2020 | $2,274 | $2,116 | $158 | — | — |