Plan Snapshot
- Plan Sponsor: Axis Communications, INC.
- Sponsor EIN: 043017622
- Sponsor Address: 300 APOLLO DRIVE, CHELMSFORD, MA, 01824
- Plan Type: 401(k)
- Total Participants: 583
- Total Assets: $63.6M
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 | 583 | $63.6M | $1.9M | $5.3M |
| 2023 | 562 | $49.9M | $1.7M | $4.8M |
| 2022 | 507 | $37.3M | $1.4M | $3.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS | RECORDKEEPER | $27,031 | — | $27,031 |
| STRATEGIC ADVISORS INC. | ADVISOR | $17,993 | — | $17,993 |
| CARON & BLETZER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS — RECORDKEEPER
- STRATEGIC ADVISORS INC. — ADVISOR
- CARON & BLETZER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,024
- Estimated Expense Ratio: 0.071% 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 | $116,712 | $17,993 | — | — | — |
| 2023 | $94,288 | $16,322 | — | — | — |
| 2022 | $93,546 | $15,141 | — | — | — |