Plan Snapshot
- Plan Sponsor: Fora Financial LLC
- Sponsor EIN: 900393753
- Sponsor Address: 1385 BROADWAY, NEW YORK, NY, 10018
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 173
- Total Assets: $8.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 173 | $8.5M | $0 | $0 |
| 2024 | 137 | $6.8M | $373,946 | $1.1M |
| 2023 | 129 | $5.0M | $323,206 | $972,983 |
| 2022 | 139 | $3.6M | $309,313 | $823,394 |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | Other Service Provider | — | $37,891 | $37,891 |
| ASSOCIATED PENSION CONSULTANTS, INC | Recordkeeper | — | $6,475 | $6,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,366
- Estimated Expense Ratio: 0.523% 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 |
|---|---|---|---|---|---|
| 2025 | $1,190,578 | — | $4,825 | — | — |
| 2024 | $3,130 | — | $2,730 | — | — |
| 2023 | $3,965 | — | — | — | — |
| 2022 | $1,910 | — | — | — | — |