Plan Snapshot
- Plan Sponsor: Action Facilities Management, INC.
- Sponsor EIN: 320062671
- Sponsor Address: 115 MALONE DRIVE, MORGANTOWN, WV, 26501
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $6.1M
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 | 194 | $6.1M | $211,880 | $557,599 |
| 2023 | 229 | $5.3M | $220,232 | $523,212 |
| 2022 | 192 | $4.2M | $215,216 | $535,959 |
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 |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | $25,064 | — | $25,064 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,064
- Estimated Expense Ratio: 0.408% 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 | $26,824 | — | — | $25,064 | — |
| 2023 | $33,016 | $44 | — | — | — |
| 2022 | $32,711 | — | — | — | — |