Plan Snapshot
- Plan Sponsor: Altrust Financial Services, INC.
- Sponsor EIN: 630923450
- Sponsor Address: 1912 CHEROKEE AVENUE SW, CULLMAN, AL, 35055
- Plan Type: 401(k)
- Total Participants: 283
- Total Assets: $9.6M
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 | 283 | $9.6M | $222,490 | $828,668 |
| 2023 | 279 | $7.8M | $245,681 | $783,631 |
| 2022 | 270 | $6.0M | $230,114 | $675,476 |
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 |
|---|---|---|---|---|
| MAULDIN & JENKINS | Auditor | $1,500 | — | $1,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MAULDIN & JENKINS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,500
- Estimated Expense Ratio: 0.016% 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 | $65,505 | $41,123 | — | $1,500 | — |
| 2023 | $53,386 | $32,512 | — | $12,875 | — |
| 2022 | $43,241 | $39,934 | $3,307 | — | — |