# Afognak Native Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/afognak-native-corporation-920047145-501

> Afognak Native Corporation's Health & Welfare plan: 2,538 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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