Plan Snapshot
- Plan Sponsor: Family Resources Agency INC.
- Sponsor EIN: 620876593
- Sponsor Address: 3680 MICHIGAN AVE RD NE, CLEVELAND, TN, 37323
- Plan Type: 403(b)
- Total Participants: 404
- Total Assets: $9.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 404 | $9.5M | $632,695 | $520,467 |
| 2023 | 385 | $8.5M | $565,211 | $474,156 |
| 2022 | 456 | $7.6M | $511,647 | $447,530 |
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 |
|---|---|---|---|---|
| JOHNSON, HICKEY & MURCHISON, P.C. | 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 | $20,980 | — | $20,980 | — | — |
| 2023 | $28,073 | $9,634 | $18,439 | — | — |
| 2022 | $16,791 | — | $16,791 | — | — |