Plan Snapshot
- Plan Sponsor: Aafcpas, INC.
- Sponsor EIN: 042571780
- Sponsor Address: 50 WASHINGTON STREET, WESTBOROUGH, MA, 01581
- Plan Type: 401(k)
- Total Participants: 373
- Total Assets: $57.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 373 | $57.6M | $1.3M | $3.8M |
| 2023 | 302 | $46.9M | $1.1M | $3.2M |
| 2022 | 280 | $36.7M | $952,673 | $3.1M |
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 |
|---|---|---|---|---|
| HANCOCK ASKEW & CO., LLP | ACCOUNTANT/AUDITOR | $17,500 | — | $17,500 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $6,172 | — | $6,172 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,672
- Estimated Expense Ratio: 0.041% 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 | -$10,531 | $6,172 | — | $17,500 | — |
| 2023 | $5,192 | $5,733 | — | $31,500 | — |
| 2022 | -$6,239 | $4,866 | — | — | — |