# American Well Corporation 401(k) Plan
Source: https://planprovider.pro/companies/american-well-corporation-401k-plan

> American Well Corporation's 401(k) plan: 768 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| FIDUCIENT ADVISORS LLC|PLAN ADMINISTRATOR|$56,250|—|$56,250|

| STRATEGIC ADVISORS, INC.|ADVISOR|$44,804|—|$44,804|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$38,848|—|$38,848|

| SVB WEALTH LLC|INVESTMENT ADVISOR|$33,902|—|$33,902|

| CARON & BLETZER, PLLC|ACCOUNTANT/AUDITOR|$12,400|—|$12,400|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [CARON & BLETZER, PLLC](https://planprovider.pro/provider/caron-bletzer) — ACCOUNTANT/AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $186,204

- **Estimated Expense Ratio:** 0.172% 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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/american-well-corporation-401k-plan)

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