# Faith Academy Of Mobile 403(b) Plan
Source: https://planprovider.pro/companies/faith-academy-of-mobile-inc-403b-plan

> Faith Academy Of Mobile&#39;s 403(b) plan: 149 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Faith Academy Of Mobile

- **Sponsor EIN:** 581898405

- **Sponsor Address:** 8650 TANNER WILLIAMS ROAD, MOBILE, AL, 36608

- **Plan Type:** 403(b)

- **Total Participants:** 149

- **Total Assets:** $7.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** Yes

- **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|149|$7.7M|$212,438|$384,047|

| 2023|147|$6.9M|$205,055|$387,992|

| 2022|150|$6.2M|$202,961|$393,473|

## 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|

| CARR, RIGGS & INGRAM, LLC|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|$2,197|—|$2,197|—|—|

| 2023|$1,910|$1,284|$626|—|—|

| 2022|$1,645|$1,237|$408|—|—|

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