Plan Snapshot
- Plan Sponsor: American Superconductor Corporation
- Sponsor EIN: 042959321
- Sponsor Address: 114 EAST MAIN STREET, AYER, MA, 01432
- Plan Type: 401(k)
- Total Participants: 292
- Total Assets: $56.7M
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 | 292 | $56.7M | $623,919 | $2.6M |
| 2023 | 293 | $53.8M | $675,986 | $2.3M |
| 2022 | 314 | $46.8M | $594,932 | $2.2M |
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 |
|---|---|---|---|---|
| AAFCPAS, INC. | 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 | $95,843 | $33,345 | $49,254 | — | — |
| 2023 | $135,215 | — | $135,215 | — | — |
| 2022 | $128,408 | — | $128,408 | — | — |