Plan Snapshot
- Plan Sponsor: American Incorporated
- Sponsor EIN: 942233668
- Sponsor Address: 1345 N. AMERICAN STREET, VISALIA, CA, 93291
- Plan Type: 401(k)
- Total Participants: 636
- Total Assets: $38.0M
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 | 636 | $38.0M | $5.4M | $1.1M |
| 2023 | 593 | $32.2M | $4.0M | $747,347 |
| 2022 | 565 | $25.2M | $2.5M | $632,227 |
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 |
|---|---|---|---|---|
| CUTTONE & MASTRO, CPA'S | 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 | $124,183 | — | — | — | — |
| 2023 | $102,119 | $53,704 | $48,415 | — | — |
| 2022 | $97,568 | $48,881 | $47,962 | — | — |