Plan Snapshot
- Plan Sponsor: American Family Association, INC.
- Sponsor EIN: 640607275
- Sponsor Address: P.O. DRAWER 2440, TUPELO, MS, 38803
- Plan Type: 401(k)
- Total Participants: 124
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 124 | $10.4M | $463,500 | $519,942 |
| 2023 | 122 | $9.6M | $452,977 | $502,470 |
| 2022 | 123 | $8.7M | $398,001 | $453,805 |
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 |
|---|---|---|---|---|
| THE SPARKS CPA FIRM, P.C. | 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 | $2,925 | — | $2,925 | — | — |
| 2023 | $1,130 | — | $1,130 | — | — |
| 2022 | $4,869 | — | $4,869 | — | — |