Plan Snapshot
- Plan Sponsor: Asbury Communities, INC.
- Sponsor EIN: 521862677
- Sponsor Address: 5285 WESTVIEW DRIVE #200, FREDERICK, MD, 217038520
- Plan Type: 401(k)
- Total Participants: 2,150
- Total Assets: $92.0M
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 | 2,150 | $92.0M | $2.9M | $6.9M |
| 2023 | 2,190 | $88.4M | $3.5M | $6.6M |
| 2022 | 2,299 | $74.3M | $3.3M | $6.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $366,335 | $1,686 | $368,021 |
| MORGAN STANLEY | Recordkeeper | — | $103,126 | $103,126 |
| CLIFTONLARSONALLEN LLP | Auditor | — | $19,950 | $19,950 |
| CREATIVE PLANNING | Investment Advisor | — | $6,250 | $6,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- CLIFTONLARSONALLEN LLP — Auditor
- CREATIVE PLANNING — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $497,347
- Estimated Expense Ratio: 0.541% 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 | $366,335 | — | $366,335 | — | — |
| 2023 | $248,094 | — | $248,094 | — | — |
| 2022 | $74,143 | — | $74,143 | — | — |