Plan Snapshot
- Plan Sponsor: First Source Employee Management
- Sponsor EIN: 272037178
- Sponsor Address: 25000 COUNTRY CLUB BLVD. SUITE 255, NORTH OLMSTED, OH, 44070
- Plan Type: 401(k)
- Total Participants: 7,726
- Total Assets: $67.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 7,726 | $67.6M | $1.2M | $5.9M |
| 2023 | 6,336 | $64.4M | $1.3M | $5.9M |
| 2022 | 5,608 | $55.1M | $1.2M | $5.5M |
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 |
|---|---|---|---|---|
| CORRIGAN KRAUSE | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $135,560 | $24,067 | — | — | — |
| 2023 | $97,636 | $32,500 | — | — | — |
| 2022 | $229,267 | $133,939 | $95,328 | — | — |