Plan Snapshot
- Plan Sponsor: American Well Corporation
- Sponsor EIN: 205009396
- Sponsor Address: 75 STATE STREET, BOSTON, MA, 02109
- Plan Type: 401(k)
- Total Participants: 768
- Total Assets: $108.4M
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 | 768 | $108.4M | $3.1M | $10.5M |
| 2023 | 1,047 | $93.8M | $3.7M | $11.5M |
| 2022 | 1,049 | $69.1M | $3.3M | $10.7M |
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 |
|---|---|---|---|---|
| CARON & BLETZER, PLLC | Auditor | $102,552 | — | $102,552 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,552
- Estimated Expense Ratio: 0.095% 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 | $243,903 | $44,804 | — | $102,552 | — |
| 2023 | $108,243 | $26,852 | $1,200 | $13,500 | — |
| 2022 | $69,167 | $21,895 | — | — | — |