# First Advantage Corporation 401(k) Plan
Source: https://planprovider.pro/companies/first-advantage-corporation-401k-plan

> First Advantage Corporation's 401(k) plan: 1,888 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Advantage Corporation

- **Sponsor EIN:** 274651162

- **Sponsor Address:** 1 CONCOURSE PARKWAY NE SUITE 200, ATLANTA, GA, 30328

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

- **Total Participants:** 1,888

- **Total Assets:** $86.9M

## 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|1,888|$86.9M|$1.2M|$7.0M|

| 2023|1,046|$75.6M|$1.2M|$7.2M|

| 2022|1,245|$63.3M|$1.3M|$7.9M|

## 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|

| CHERRY BEKAERT LLP|Auditor|$1,890|—|$1,890|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,890

- **Estimated Expense Ratio:** 0.002% 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|$69,573|—|—|$1,890|—|

| 2023|$77,401|$77,401|—|—|—|

| 2022|$52,435|—|$52,435|—|—|

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