Plan Snapshot
- Plan Sponsor: American Farmland Trust
- Sponsor EIN: 521190211
- Sponsor Address: 2000 PENNSYLVANIA AVE NW, WASHINGTON, DC, 20006
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $20.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 224 | $20.2M | $1.9M | $1.5M |
| 2023 | 173 | $15.2M | $1.3M | $1.0M |
| 2022 | 131 | $11.3M | $1.1M | $761,353 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $86,024 | $35 | $86,059 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $41,971 | — | $41,971 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,030
- Estimated Expense Ratio: 0.633% 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 | $127,995 | $43,012 | $41,971 | — | — |
| 2023 | $91,167 | $31,150 | $28,867 | — | — |
| 2022 | $81,135 | $28,244 | $24,796 | — | $28,095 |