Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Droneup
Droneup 401(k)
- Professional, scientific, and technical services
- Virginia Beach, VA
- EIN 81-4177107
- 1 plan with Schedule H financials
- Plan year 2024
- Droneup, LLC
Administrative expenses excluding investment management, per participant · Droneup 401(k) & Profit Sharing Plan · plan year 2024
$305.21
Higher than 90% of the 14,713 plans $1 to 10M that report it.
Source
= $59,210 / 194
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013093334NAL0001037921001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093334NAL0001037921001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Cost and contributions
Administrative expenses per participant
$305.21
Higher than 83% of the 15,210 plans $1 to 10M that report it.
Source
= $59,210 / 194
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013093334NAL0001037921001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093334NAL0001037921001, received 2025-10-13
Administrative expenses as a share of assets
0.857%
Higher than 79% of the 15,243 plans $1 to 10M that report it.
Source
= $59,210 / $6,905,628
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013093334NAL0001037921001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013093334NAL0001037921001, received 2025-10-13
Employer contributions per participant
$3,676
Higher than 96% of the 13,342 plans $1 to 10M that report it.
Source
= $713,051 / 194
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013093334NAL0001037921001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093334NAL0001037921001, received 2025-10-13
Employer share of total contributions
28.2%
Higher than 47% of the 13,370 plans $1 to 10M that report it.
Source
= $713,051 / $2,532,058
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013093334NAL0001037921001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013093334NAL0001037921001, received 2025-10-13
Plan terms, as stated in Droneup, LLC's SEC filings
Plan terms are not published in public filings.
Plan features
2A age/service-weighted · 2E profit-sharing · 2J 401(k) feature · 2F ERISA 404(c) plan · 2G fully participant-directed · 3D IRS pre-approved plan · 3B · 2T default investment (QDIA) · 2K 401(m) arrangement · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013093334NAL0001037921001, received 2025-10-13
Full record, Droneup 401(k) & Profit Sharing Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | DRONEUP, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Plan name | DRONEUP 401(K) & PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Sponsor EIN / plan number | 81-4177107 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Sponsor location | VIRGINIA BEACH, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Industry (business code) | 541512, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Participants, beginning of year | 396 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Active participants | 210 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Participants, end of year | 272 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Participants with an account balance | 194 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Total assets, beginning of year | $5,789,510 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Total assets, end of year | $6,905,628 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Net assets, end of year | $6,905,628 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Total income | $3,351,319 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Net income | $1,116,118 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Employer contributions | $713,051 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Participant contributions | $1,606,620 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $212,387 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Total contributions | $2,532,058 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Benefit payments | $2,175,991 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $2,235,201 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Total administrative expenses | $59,210 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Contract administrator fees | $59,210 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Administrative expenses excluding investment management | $59,210 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Held in common/collective trusts | $5,074,806 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Held in mutual funds | $1,707,400 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013093334NAL0001037921001, received 2025-10-13 |
| Independent auditor | CHERRY BEKAERT ADVISORY LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013093334NAL0001037921001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013093334NAL0001037921001, received 2025-10-13.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL SERVICES AD | INVESTMENT ADVISORY | 27 Investment advisory (plan) | $23,356 | no |
| STANCORP FINANCIAL GROUPrecordkeeper | NONE | 12 Claims processing; 15 Recordkeeping and information management; 18 Custodial (other than securities); 50 Direct payment from the plan | $13,006 | no |
| ADMINISTRATIVE GROUP, LLC DBA TAG Rrecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 37 Participant loan processing; 64 Recordkeeping fees | $12,419 | yes |
| RAYMOND JAMES FINANCIAL SERVICES AD | NONE | 27 Investment advisory (plan); 70 Consulting fees | $5,791 | no |
| TRANSAMERICA FINANCIAL LIFE INSURANrecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 37 Participant loan processing; 52 Investment management fees paid indirectly by plan; 62 Float revenue; 64 Recordkeeping fees; 67 Other insurance wrap fees | $4,639 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013093334NAL0001037921001, received 2025-10-13.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $5,789,510 | $6,905,628 | 19.3% |
| Participants with a balance | 241 | 194 | -19.5% |
| Administrative expenses | $46,111 | $59,210 | 28.4% |
| Recordkeeping fees per participant | $33.34 | not reported | |
| Employer contributions | $878,023 | $713,051 | -18.8% |
Prior filing 20250221101442NAL0006008481001, received 2025-02-21; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: DRONEUP, LLC; SEC registrant: DRONEUP, LLC (CIK 1697096, matched by EIN).