# Financial Independence Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/financial-independence-group-llc-401k-plan

> Financial Independence Group, LLC's 401(k) plan: 192 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/financial-independence-group-llc-401k-plan)

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