# Factory Automation Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/factory-automation-systems-inc-401k-plan

> Factory Automation Systems, INC.'s 401(k) plan: 81 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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