Plan Snapshot
- Plan Sponsor: Automated Financial Systems, INC.
- Sponsor EIN: 231724335
- Sponsor Address: 123 SUMMIT DRIVE, EXTON, PA, 19341
- Plan Type: 401(k)
- Total Participants: 285
- Total Assets: $85.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 285 | $85.1M | $898,584 | $3.5M |
| 2023 | 295 | $76.8M | $856,614 | $3.7M |
| 2022 | 317 | $70.7M | $910,962 | $3.6M |
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 |
|---|---|---|---|---|
| INTEGRATED WEALTH CONCEPTS LLC | ADVISOR | $65,099 | — | $65,099 |
| RKL LLP | ACCOUNTANT/AUDITOR | $16,400 | — | $16,400 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $6,651 | — | $6,651 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RKL LLP — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,150
- Estimated Expense Ratio: 0.104% 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 | $88,150 | $65,099 | — | $16,400 | — |
| 2023 | $82,017 | $61,416 | — | $14,363 | — |
| 2022 | $122,644 | — | — | — | — |