Plan Snapshot
- Plan Sponsor: Adfinitas Management, LLC
- Sponsor EIN: 452540636
- Sponsor Address: 7250 PARKWAY DRIVE, HANOVER, MD, 21076
- Plan Type: 401(k)
- Total Participants: 372
- Total Assets: $44.2M
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 | 372 | $44.2M | $812,293 | $3.3M |
| 2023 | 421 | $40.4M | $846,861 | $3.4M |
| 2022 | 363 | $33.2M | $805,112 | $3.7M |
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 |
|---|---|---|---|---|
| STRATEGIC WEALTH MANAGMENT | Investment Advisor | $61,928 | — | $61,928 |
| ALERUS FINANCIAL | Recordkeeper | $40,495 | — | $40,495 |
| POLLARD & ASSOCIATES, INC. | Recordkeeper | $33,251 | — | $33,251 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,674
- Estimated Expense Ratio: 0.307% 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 | $135,673 | — | $135,673 | — | — |
| 2023 | $116,216 | — | $116,216 | — | — |
| 2022 | $102,516 | — | $102,516 | — | — |