Plan Snapshot
- Plan Sponsor: Adtran, INC
- Sponsor EIN: 630918200
- Sponsor Address: 901 EXPLORER BLVD., HUNTSVILLE, AL, 35806
- Plan Type: 401(k)
- Total Participants: 847
- Total Assets: $391.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 847 | $391.5M | $3.6M | $9.1M |
| 2023 | 932 | $368.6M | $4.3M | $11.1M |
| 2022 | 1,043 | $324.7M | $4.0M | $10.8M |
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 |
|---|---|---|---|---|
| WARREN AVERETT, LLC | Auditor | $25,200 | — | $25,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,200
- Estimated Expense Ratio: 0.006% 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 | $186,580 | $22,240 | $600 | $25,200 | — |
| 2023 | $245,986 | $19,459 | — | — | — |
| 2022 | $272,862 | $5,027 | — | — | — |