Plan Ledger DOL Form 5500 · updated monthly

American Academy of Family Physicians401(k)

THE AAFP 401(K) PLAN · LEAWOOD, KS · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

American Academy of Family Physicians reported $136,136 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $8,373 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.27% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 76th-largest of 828 plans among Kansas employers on file, and the 558th of 3,091 in educational services. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has shrunk from 360 to 320 since 2022.

Plan summary
Net assets, end of year$95,214,243
Participants with balances475
Active participants320
Employer contributions$2,679,372
Employee contributions$2,994,636
Employer contribution per active participant$8,373
Average account balance$200,451
Benefits paid to participants$16,596,420
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$95.2M · 475 accts · $2.7M emplr
2023$94.4M · 517 accts · $2.8M emplr
2022$79.9M · 507 accts · $3.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,232
Investment management$51,125
Audit (IQPA)$7,665
Total administrative$136,136
The American Academy of Family Physicians 401(k) match · 2024
Employer contribution per active participant$8,373
Median for plans this size$3,635
2024$8,373 per active participant
2023$7,988 per active participant
2022$9,656 per active participant

American Academy of Family Physicians's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$78,015
CREATIVE PLANNING LLC · Investment advisory (plan)$51,125
FORVIS LLP$13,650
BKD LLP · Accounting / audit$7,665

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left American Academy of Family Physicians before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$136,136 · 0.14%
2023$160,603 · 0.18%
2022$234,087 · 0.27%
Same employer
Similar plansEducational Services · Kansas
Mount Saint Mary College NY$96.2M · 0.09%
Hendrix College AR$95.7M · 0.07%
Regent University VA$95.0M · 0.01%
Desales University PA$94.7M · 0.00%
Academic Partnerships, LLC TX$94.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 440536051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.