Plan Snapshot
- Plan Sponsor: Financial Independence Group, LLC
- Sponsor EIN: 561346906
- Sponsor Address: 19520 WEST CATAWBA AVENUE, CORNELIUS, NC, 28031
- Plan Type: 401(k)
- Total Participants: 192
- Total Assets: $19.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 192 | $19.3M | $474,493 | $1.3M |
| 2023 | 184 | $16.4M | $417,696 | $1.1M |
| 2022 | 150 | $13.8M | $380,823 | $1.0M |
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 |
|---|---|---|---|---|
| GREERWALKER LLP | Auditor | $11,413 | — | $11,413 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GREERWALKER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,413
- Estimated Expense Ratio: 0.059% 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 | $123,511 | $88,744 | $14,948 | $11,413 | — |
| 2023 | $93,797 | $73,121 | $10,866 | — | — |
| 2022 | $90,907 | $69,469 | $21,438 | — | — |