Plan Snapshot
- Plan Sponsor: National Academy Of Sciences
- Sponsor EIN: 530196932
- Sponsor Address: 500 5TH STREET NW, WASHINGTON, DC, 200012736
- Plan Type: Health & Welfare
- Plan Number: 509
- Total Participants: 38
- Total Assets: $69.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 38 | $69.4M | $0 | $503,777 |
| 2023 | 34 | $65.7M | $0 | $488,924 |
| 2022 | 31 | $59.0M | $3.9M | $445,483 |
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 |
|---|---|---|---|---|
| EXETER TRUST COMPANY | Other Service Provider | $411,821 | — | $411,821 |
| MERCER HEALTH AND BENEFITS LLC | Other Service Provider | $36,056 | — | $36,056 |
| CIGNA HEALTH AND LIFE INS. CO. | Other Service Provider | $21,410 | — | $21,410 |
| GRANT THORNTON | Other Service Provider | $17,500 | — | $17,500 |
| FLORES AND ASSOCIATES | Other Service Provider | $17,454 | — | $17,454 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $504,241
- Estimated Expense Ratio: 0.727% 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 | $479,439 | $411,821 | — | — | — |
| 2023 | $414,686 | $374,707 | — | — | — |
| 2022 | $423,653 | $365,180 | — | — | $40,597 |