Plan Snapshot
- Plan Sponsor: Aras Corporation
- Sponsor EIN: 043509904
- Sponsor Address: 100 BRICKSTONE SQUARE, ANDOVER, MA, 01810
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $18.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 179 | $18.5M | $0 | $2.0M |
| 2023 | 174 | $15.8M | $0 | $2.1M |
| 2022 | 189 | $11.9M | $0 | $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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $48,295 | $48,295 |
| ASCENSUS C/O FUTURE PLAN | Recordkeeper | — | $8,334 | $8,334 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,629
- Estimated Expense Ratio: 0.306% 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 | $2,450 | — | $2,450 | — | — |
| 2023 | $1,925 | — | $1,925 | — | — |
| 2022 | — | — | — | — | — |