American Well Corporation 401(K) Plan — Form 5500 plan (American Well Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, American Well Corporation 401(K) Plan is a benefit plan reported by American Well Corporation under EIN 20-5009396 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,362 participants and $93,776,018 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- American Well Corporation
- EIN
- 20-5009396
- Plan number
- 001
- Plan type
- 2
- Location
- Boston, MA
- Latest filing year
- 2023
- Participants
- 1,362
- End-of-year plan assets
- $93,776,018
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,362 | H, C | 20240710165632NAL0017284881001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $93,776,018
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $93,776,018
- Net assets (BOY)
- $69,099,340
Income & contributions
- Employer contributions
- $3,655,276
- Participant contributions
- $11,510,175
- Total contributions
- $18,244,862
- Total income / additions
- $32,921,414
Expenses & distributions
- Benefits paid
- $8,112,400
- Administrative expenses
- $108,243
- Total expenses
- $8,244,736
- Net increase / (decrease)
- $24,676,678
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Svb Wealth LLC | INVESTMENT ADVISOR | $43,735 | not reported in the loaded dataset | 2023 |
| The Angell Pension Group, Inc. | PLAN ADMINISTRATOR | $31,995 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $26,852 | not reported in the loaded dataset | 2023 |
| Caron & Bletzer, Pllc | ACCOUNTANT/AUDITOR | $13,500 | not reported in the loaded dataset | 2023 |
| Svb Wealth LLC | PLAN ADMINISTRATOR | $8,750 | not reported in the loaded dataset | 2023 |
| Fiducient Advisors LLC | PLAN ADMINISTRATOR | $7,500 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$24,089 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for American Well Corporation
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Boston, MA
- Svb Wealth LLC — Schedule C compensation
- The Angell Pension Group, Inc. — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation
- Caron & Bletzer, Pllc — Schedule C compensation
- Fiducient Advisors LLC — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation