Plan Snapshot
- Plan Sponsor: Facet Wealth, INC.
- Sponsor EIN: 813453207
- Sponsor Address: 400 EAST PRATT STREET FL 8, BALTIMORE, MD, 21202
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 278
- Total Assets: $24.5M
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. |
|---|---|---|---|---|
| 2025 | 278 | $24.5M | $0 | $0 |
| 2024 | 147 | $21.1M | $883,489 | $2.4M |
| 2023 | 226 | $19.2M | $1.0M | $2.8M |
| 2022 | 267 | $13.5M | $1.0M | $3.0M |
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 |
|---|---|---|---|---|
| GUIDELINE INVESTMENTS, LLC | Custodian / Trustee | $23,358 | — | $23,358 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,358
- Estimated Expense Ratio: 0.095% 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 |
|---|---|---|---|---|---|
| 2025 | $3,609,058 | $23,358 | — | — | — |
| 2024 | $20,251 | $16,253 | — | — | — |
| 2023 | $16,802 | $12,710 | — | — | — |
| 2022 | $12,047 | $12,022 | $25 | — | — |