# Faust Distributing Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/faust-distributing-company-inc-401k-plan

> Faust Distributing Company, INC.'s 401(k) plan: 375 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Faust Distributing Company, INC.

- **Sponsor EIN:** 741386097

- **Sponsor Address:** P.O. BOX 24728, HOUSTON, TX, 772294728

- **Plan Type:** 401(k)

- **Total Participants:** 375

- **Total Assets:** $36.3M

## 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|375|$36.3M|$526,335|$1.6M|

| 2023|396|$35.0M|$574,233|$1.7M|

| 2022|364|$29.8M|$492,299|$1.6M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$56,946|—|$56,946|

| GLOBAL RETIREMENT PARTNERS LLC|ADVISOR|$28,000|—|$28,000|

| EDWARDS & LEATHERS , P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [GLOBAL RETIREMENT PARTNERS LLC](https://planprovider.pro/provider/global-retirement-partners-llc) — ADVISOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $84,946

- **Estimated Expense Ratio:** 0.234% 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|$84,946|$28,000|—|—|—|

| 2023|$79,722|$28,000|—|—|—|

| 2022|$81,593|—|—|—|—|

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