Plan Snapshot
- Plan Sponsor: Charities Aid Foundation America
- Sponsor EIN: 431634280
- Sponsor Address: 225 REINEKERS LANE, ALEXANDRIA, VA, 223142875
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $6.7M
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 | 123 | $6.7M | $809,660 | $813,029 |
| 2023 | 141 | $5.4M | $657,741 | $669,520 |
| 2022 | 111 | $3.5M | $540,606 | $555,031 |
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 | $18,749 | — | $18,749 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $16,942 | $9 | $16,951 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,700
- Estimated Expense Ratio: 0.533% 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 | $35,691 | $16,942 | $18,749 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |