# Foley Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/foley-industries-inc-401k-plan

> Foley Industries, INC.&#39;s 401(k) plan: 1,394 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Foley Industries, INC.

- **Sponsor EIN:** 481043293

- **Sponsor Address:** 1550 SOUTH WEST STREET, WICHITA, KS, 672131638

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

- **Total Participants:** 1,394

- **Total Assets:** $128.4M

## 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|1,394|$128.4M|$4.5M|$9.3M|

| 2023|1,362|$106.9M|$4.2M|$8.4M|

| 2022|1,244|$84.2M|$3.7M|$7.3M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$141,254|—|$141,254|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $141,254

- **Estimated Expense Ratio:** 0.110% 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|$141,254|—|$141,254|—|—|

| 2023|$136,070|$6,053|$130,017|—|—|

| 2022|$165,282|$45,833|$119,449|—|—|

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