Plan Snapshot
- Plan Sponsor: Foresight Financial Group, INC.
- Sponsor EIN: 363371610
- Sponsor Address: 809 CANNELL PURI COURT, ROCKFORD, IL, 61088
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $36.9M
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 | 227 | $36.9M | $631,190 | $1.6M |
| 2023 | 242 | $31.6M | $613,895 | $1.5M |
| 2022 | 228 | $28.5M | $572,890 | $1.4M |
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 |
|---|---|---|---|---|
| BENNING GROUP, LLC | Auditor | $10,492 | — | $10,492 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENNING GROUP, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,492
- Estimated Expense Ratio: 0.028% 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 | $179,760 | $138,457 | $4,605 | $10,492 | — |
| 2023 | $187,566 | $144,189 | $24,621 | $10,633 | — |
| 2022 | $185,148 | — | — | — | $185,148 |