Plan Snapshot
- Plan Sponsor: Factory Automation Systems, INC.
- Sponsor EIN: 581984116
- Sponsor Address: 5139 SOUTHRIDGE PARKWAY, ATLANTA, GA, 30349
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $29.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 81 | $29.9M | $819,134 | $1.1M |
| 2023 | 91 | $25.2M | $953,803 | $999,300 |
| 2022 | 85 | $19.8M | $1.3M | $946,788 |
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 |
|---|---|---|---|---|
| BROWN & ASSOCIATES | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $152,918 | — | $152,668 | — | — |
| 2023 | $67,565 | $7,450 | $60,015 | — | — |
| 2022 | $800 | — | — | — | — |