Plan Snapshot
- Plan Sponsor: Falken Industries LLC
- Sponsor EIN: 331046339
- Sponsor Address: 10611 BALLS FORD RD, MANASSAS, VA, 20109
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 317
- Total Assets: $2.2M
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 | 317 | $2.2M | $214,545 | $411,374 |
| 2022 | 663 | $1.3M | $399,236 | $703,963 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SVCS | Recordkeeper | $11,699 | — | $11,699 |
| EQUITABLE ADVISORS, LLC | Other Service Provider | $5,604 | — | $5,604 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SVCS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,303
- Estimated Expense Ratio: 0.773% 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 | $21,391 | $5,604 | $15,787 | — | — |
| 2022 | $22,192 | $2,988 | $19,204 | — | — |