Plan Snapshot
- Plan Sponsor: Severn Management Company, LLC
- Sponsor EIN: 203601893
- Sponsor Address: 410 SEVERN AVENUE, SUITE B-413, ANNAPOLIS, MD, 21403
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 0 | $0 | $186,422 | $289,935 |
| 2023 | 141 | $3.6M | $166,176 | $262,255 |
| 2022 | 142 | $3.0M | $160,176 | $246,964 |
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 |
|---|---|---|---|---|
| COULTER & JUSTUS | 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 | $43,111 | — | $18,135 | — | — |
| 2023 | $38,153 | — | $15,876 | — | — |
| 2022 | $38,153 | — | $38,153 | — | — |