Plan Snapshot
- Plan Sponsor: Air General, INC.
- Sponsor EIN: 042220326
- Sponsor Address: 403 THE HILL, PORTSMOUTH, NH, 03801
- Plan Type: 401(k)
- Total Participants: 663
- Total Assets: $10.3M
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 | 663 | $10.3M | $441,337 | $1.2M |
| 2023 | 640 | $8.7M | $360,929 | $1.0M |
| 2022 | 624 | $7.0M | $280,957 | $897,995 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $41,725 | — | $41,725 |
| ASCENSUS HOLDINGS INC DBA | Other Service Provider | $30,336 | $4,504 | $34,840 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $28,658 | — | $28,658 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $22,515 | — | $22,515 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,738
- Estimated Expense Ratio: 1.242% 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 | $82,630 | — | $82,593 | — | — |
| 2023 | $62,185 | — | $62,185 | — | — |
| 2022 | $59,937 | — | $59,937 | — | — |