Plan Snapshot
- Plan Sponsor: American Academy Of Physician Associates
- Sponsor EIN: 237067770
- Sponsor Address: 2318 MILL RD., STE 300, ALEXANDRIA, VA, 223146868
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $20.6M
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 | 112 | $20.6M | $428,008 | $1.1M |
| 2023 | 110 | $17.9M | $399,224 | $1.0M |
| 2022 | 102 | $16.7M | $350,184 | $954,194 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $43,174 | — | $43,174 |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $38,015 | $22 | $38,037 |
| DSR CPA AND CONSULTANTS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DSR CPA AND CONSULTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,211
- Estimated Expense Ratio: 0.395% 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 | $81,200 | $19,013 | $43,174 | — | — |
| 2023 | $72,526 | $17,135 | $38,256 | — | — |
| 2022 | $69,980 | $16,943 | $36,094 | — | $16,943 |