Plan Snapshot
- Plan Sponsor: Ameriforge Group, INC. Dba Afglobal Corporation
- Sponsor EIN: 760607053
- Sponsor Address: 13770 INDUSTRIAL ROAD, HOUSTON, TX, 77015
- Plan Type: 401(k)
- Total Participants: 327
- Total Assets: $22.2M
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 | 327 | $22.2M | $471,084 | $1.4M |
| 2023 | 382 | $22.2M | $541,776 | $1.6M |
| 2022 | 560 | $27.6M | $771,637 | $2.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $48,307 | — | $48,307 |
| GALLAGHER BENEFIT SERVICES, INC. | CONSULTANT | $26,250 | — | $26,250 |
| HAM, LANGSTON & BREZINA, LLP | ACCOUNTANT/AUDITOR | $11,440 | — | $11,440 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $9,884 | — | $9,884 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GALLAGHER BENEFIT SERVICES, INC. — CONSULTANT
- HAM, LANGSTON & BREZINA, LLP — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,881
- Estimated Expense Ratio: 0.432% 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 | $95,881 | $9,884 | — | $11,440 | — |
| 2023 | $75,361 | $10,257 | $300 | — | — |
| 2022 | $91,308 | $8,127 | — | — | — |