Plan Snapshot
- Plan Sponsor: Afc Specialty Coatings Group, INC.
- Sponsor EIN: 363580228
- Sponsor Address: 14 WALTER COURT, LAKE IN THE HILLS, IL, 60102
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $7.9M
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. |
|---|---|---|---|---|
| 2023 | 114 | $7.9M | $254,033 | $444,471 |
| 2022 | 116 | $6.7M | $112,102 | $407,820 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $78,222 | — | $78,222 |
| TBS AGENCY, INC. | Investment Advisor | — | $37,688 | $37,688 |
| ASSOCIATED PENSION SERVICES, INC. | Recordkeeper | $25,412 | $6,766 | $32,178 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,088
- Estimated Expense Ratio: 1.867% 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 |
|---|---|---|---|---|---|
| 2023 | $51,817 | $51 | $39,060 | — | — |
| 2022 | $63,255 | $98 | $48,971 | — | $14,186 |