Plan Snapshot
- Plan Sponsor: American Financial Network, INC.
- Sponsor EIN: 954866828
- Sponsor Address: 10 POINTE DRIVE, BREA, CA, 92821
- Plan Type: 401(k)
- Total Participants: 1,176
- Total Assets: $43.2M
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 | 1,176 | $43.2M | $0 | $4.9M |
| 2023 | 968 | $43.0M | $0 | $5.1M |
| 2022 | 1,547 | $43.6M | $1.5M | $9.3M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $97,439 | $1,002 | $98,441 |
| EQUITABLE ADVISORS LLC | SERVICE PROVIDER | — | $66,071 | $66,071 |
| ERISA SMART | SERVICE PROVIDER | $31,239 | — | $31,239 |
| ADMINISTRATIVE FIDUCIARY SERVICE | SERVICE PROVIDER | $8,825 | — | $8,825 |
| MORNINGSTAR | SERVICE PROVIDER | — | $6,099 | $6,099 |
| WITHUM SMITH + BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
- WITHUM SMITH + BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $210,675
- Estimated Expense Ratio: 0.488% 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 | $137,503 | — | — | — | — |
| 2023 | $306,116 | $306,116 | — | — | — |
| 2022 | $367,671 | $367,671 | — | — | — |