Plan Snapshot
- Plan Sponsor: American Direct Procurement, LLC
- Sponsor EIN: 481111909
- Sponsor Address: 14400 COLLEGE BLVD., STE 100, LENEXA, KS, 66215
- Plan Type: 401(k)
- Total Participants: 285
- Total Assets: $11.5M
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. |
|---|---|---|---|---|
| 2023 | 285 | $11.5M | $256,782 | $978,409 |
| 2022 | 289 | $9.6M | $224,348 | $916,169 |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES LLC | Recordkeeper | $62,088 | — | $62,088 |
| FIRST INTERSTATE BANK OF COMMERCE | Investment Advisor | $21,210 | — | $21,210 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,298
- Estimated Expense Ratio: 0.722% 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 |
|---|---|---|---|---|---|
| 2023 | $49,406 | $18,362 | $1,186 | — | — |
| 2022 | $24,704 | $286 | — | — | — |