Plan Snapshot
- Plan Sponsor: Albany International Corp.
- Sponsor EIN: 140462060
- Sponsor Address: 216 AIRPORT DRIVE, ROCHESTER, NH, 03867
- Plan Type: 401(k)
- Total Participants: 2,041
- Total Assets: $481.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 2,041 | $481.4M | $10.7M | $15.6M |
| 2023 | 1,909 | $447.5M | $12.1M | $15.0M |
| 2022 | 1,784 | $398.5M | $11.0M | $19.6M |
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 |
|---|---|---|---|---|
| COHNREZNICK | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $298,896 | — | — | — | — |
| 2023 | $344,182 | — | — | — | — |
| 2022 | $347,937 | — | — | — | — |