# Altrust Financial Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/altrust-financial-services-inc-401k-plan

> Altrust Financial Services, INC.'s 401(k) plan: 283 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/mauldin-and-jenkins-llc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/altrust-financial-services-inc-401k-plan)

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