Plan Snapshot
- Plan Sponsor: Ak-Chin Indian Community
- Sponsor EIN: 860148433
- Sponsor Address: 42507 WEST PETERS AND NALL ROAD, MARICOPA, AZ, 85138
- Plan Type: 401(k)
- Total Participants: 523
- Total Assets: $15.2M
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. |
|---|---|---|---|---|
| 2024 | 523 | $15.2M | $223,948 | $765,382 |
| 2023 | 517 | $13.6M | $203,655 | $677,776 |
| 2022 | 504 | $12.4M | $190,827 | $678,856 |
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 |
|---|---|---|---|---|
| SOVEREIGN INVESTMENT ADVISORS | Investment Advisor | $53,939 | — | $53,939 |
| INDEPENDENT RETIREMENT CONSULTING | Other Service Provider | $35,316 | — | $35,316 |
| EMPOWER ANNUITY INSURANCE OF AMERIC | Recordkeeper | $13,247 | — | $13,247 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,502
- Estimated Expense Ratio: 0.675% 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 | $26,407 | — | $5,535 | — | — |
| 2023 | $24,634 | — | $4,250 | — | — |
| 2022 | $89,697 | $48,936 | $33,428 | — | $7,333 |