Plan Snapshot
- Plan Sponsor: Afognak Native Corporation
- Sponsor EIN: 920047145
- Sponsor Address: 3909 ARCTIC BLVD., ANCHORAGE, AK, 99503
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,538
- Total Assets: $5.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,538 | $5.6M | $14.2M | $4.7M |
| 2023 | 2,720 | $5.8M | $15.5M | $5.2M |
| 2022 | 3,156 | $5.4M | $17.3M | $5.7M |
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 |
|---|---|---|---|---|
| PREMERA, INC | Other Service Provider | $775,305 | — | $775,305 |
| GSA NATIONAL | Recordkeeper | $438,652 | — | $438,652 |
| BENEFITFOCUS.COM, INC. | Recordkeeper | $82,827 | — | $82,827 |
| HARTFORD LIFE AND ACCIDENT INS. CO. | Other Service Provider | $64,889 | — | $64,889 |
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | $35,963 | — | $35,963 |
| DISCOVERY BENEFITS, INC. | Recordkeeper | $32,317 | — | $32,317 |
| BRAIN POWER SOFTWARE LLC | Recordkeeper | $26,825 | — | $26,825 |
| USI INSURANCE SERVICES | Actuary | $26,071 | — | $26,071 |
| TRUVERIS, INC. | Other Service Provider | $20,000 | — | $20,000 |
| AMI MAILING | Other Service Provider | $10,706 | — | $10,706 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,513,555
- Estimated Expense Ratio: 27.078% 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 | $1,522,230 | — | $1,423,920 | $35,963 | — |
| 2023 | $1,764,124 | — | $1,656,892 | $34,913 | — |
| 2022 | $1,214,551 | — | — | — | $33,850 |