Plan Snapshot
- Plan Sponsor: Astronics Corporation
- Sponsor EIN: 160959303
- Sponsor Address: 130 COMMERCE WAY, EAST AURORA, NY, 140529998
- Plan Type: 401(k)
- Total Participants: 1,886
- Total Assets: $325.3M
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 | 1,886 | $325.3M | $8.9M | $15.8M |
| 2023 | 1,896 | $290.8M | $5.1M | $14.3M |
| 2022 | 1,667 | $229.7M | $4.4M | $12.0M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP, INC. | INVESTMENT MANAGER | $226,875 | — | $226,875 |
| FREED MAXICK CPAS PC | ACCOUNTANT | $20,000 | — | $20,000 |
| WILMINGTON TRUST | INVESTMENT MANAGER | $17,500 | — | $17,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $264,375
- Estimated Expense Ratio: 0.081% 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 | $266,504 | — | — | — | — |
| 2023 | $261,036 | — | — | — | — |
| 2022 | $194,369 | — | — | — | $194,369 |