Plan Snapshot
- Plan Sponsor: Family Resources, INC.
- Sponsor EIN: 420698225
- Sponsor Address: 1414 W. LOMBARD STREET, DAVENPORT, IA, 52804
- Plan Type: 401(k)
- Total Participants: 98
- Total Assets: $2.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 98 | $2.8M | $147,328 | $301,182 |
| 2023 | 139 | $2.8M | $128,866 | $310,917 |
| 2022 | 161 | $2.3M | $104,439 | $288,560 |
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 |
|---|---|---|---|---|
| MUTUAL OF AMERICA SEC. CORP LLC | RECORDKEEPER | $17,256 | — | $17,256 |
| ANDERSON, LOWER, WHITLOW, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,256
- Estimated Expense Ratio: 0.622% 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 | $23,038 | $2,840 | $1,904 | — | — |
| 2023 | $21,253 | — | — | — | — |
| 2022 | $18,597 | — | — | — | — |