Plan Snapshot
- Plan Sponsor: American Systems Corporation
- Sponsor EIN: 540962497
- Sponsor Address: 14151 PARK MEADOW DRIVE SUITE 500, CHANTILLY, VA, 201512272
- Plan Type: 401(k)
- Total Participants: 1,619
- Total Assets: $232.2M
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 | 1,619 | $232.2M | $0 | $16.4M |
| 2023 | 1,565 | $209.4M | $0 | $15.4M |
| 2022 | 1,478 | $178.2M | $3,440 | $14.6M |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | 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 | $222,772 | $413 | $222,359 | — | — |
| 2023 | $241,640 | $19,144 | $222,496 | — | — |
| 2022 | $228,394 | — | $225,406 | — | $2,988 |