# Folience, INC. 401(k) Plan
Source: https://planprovider.pro/companies/folience-inc-401k-plan-003

> Folience, INC.'s 401(k) plan: 486 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Folience, INC.

- **Sponsor EIN:** 420269570

- **Sponsor Address:** 305 2ND ST SE, SUITE 501, CEDAR RAPIDS, IA, 524011703

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

- **Total Participants:** 486

- **Total Assets:** $38.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|486|$38.5M|$0|$2.2M|

| 2023|488|$36.7M|$0|$2.0M|

| 2022|499|$32.4M|$0|$1.9M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$154,481|—|$154,481|

| COMMONWEALTH FINANCIAL NETWORK|INVESTMENT ADVISORY|—|$62,839|$62,839|

| FORVIS MAZARS|ACCOUNTANT|—|$10,263|$10,263|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [COMMONWEALTH FINANCIAL NETWORK](https://planprovider.pro/provider/commonwealth-financial-network) — INVESTMENT ADVISORY

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

- [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:** $227,583

- **Estimated Expense Ratio:** 0.591% 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|$154,482|—|$154,482|—|—|

| 2023|$139,073|—|$139,073|—|—|

| 2022|$142,052|—|$142,052|—|—|

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