# Afp Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/afp-industries-inc-401k-plan

> Afp Industries, INC.'s 401(k) plan: 151 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Afp Industries, INC.

- **Sponsor EIN:** 540897363

- **Sponsor Address:** 7900 WHITEPINE ROAD, NORTH CHESTERFIELD, VA, 23237

- **Plan Type:** 401(k)

- **Total Participants:** 151

- **Total Assets:** $17.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|151|$17.6M|$432,421|$1.0M|

| 2023|164|$14.5M|$354,616|$834,801|

| 2022|119|$10.4M|$284,648|$694,486|

## 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|

| KEITER|Auditor|$18,700|—|$18,700|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $18,700

- **Estimated Expense Ratio:** 0.106% 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|$64,523|$34,138|—|$18,700|—|

| 2023|$59,197|$31,370|—|$17,700|—|

| 2022|$42,886|—|$42,886|—|—|

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