Plan Snapshot
- Plan Sponsor: Aspen Aerogels, INC.
- Sponsor EIN: 043559972
- Sponsor Address: 30 FORBES ROAD,, NORTHBOROUGH, MA, 01532
- Plan Type: 401(k)
- Total Participants: 521
- Total Assets: $40.7M
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 | 521 | $40.7M | $1.6M | $4.5M |
| 2023 | 517 | $33.4M | $1.5M | $4.2M |
| 2022 | 507 | $24.4M | $1.2M | $3.5M |
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 | $72,335 | — | $72,335 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $61,696 | — | $61,696 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,031
- Estimated Expense Ratio: 0.329% 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 | $134,031 | $72,335 | — | — | — |
| 2023 | $75,564 | — | — | — | — |
| 2022 | $21,563 | — | — | — | — |