Plan Snapshot
- Plan Sponsor: Faber Construction, INC.
- Sponsor EIN: 911507485
- Sponsor Address: 6951 HANNEGAN ROAD, LYNDEN, WA, 98264
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 155 | $11.6M | $1.4M | $440,422 |
| 2023 | 142 | $9.2M | $1.4M | $274,584 |
| 2022 | 105 | $6.3M | $1.1M | $240,437 |
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 |
|---|---|---|---|---|
| M GROUP INVESTMENT ADVISOR | Other Service Provider | $42,528 | — | $42,528 |
| DAVIS BACON PENSION PLANS INC | Other Service Provider | $20,628 | — | $20,628 |
| THE VANGUARD GROUP, INC | Other Service Provider | $13,345 | — | $13,345 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,501
- Estimated Expense Ratio: 0.661% 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 | $76,501 | $42,528 | $20,628 | — | — |
| 2023 | $62,216 | $35,698 | $15,178 | — | — |
| 2022 | $51,718 | $28,493 | $12,321 | — | $10,904 |