Plan Snapshot
- Plan Sponsor: Foresight Technologies, INC.
- Sponsor EIN: 860785530
- Sponsor Address: 1301 W. GENEVA DRIVE, TEMPE, AZ, 85282
- Plan Type: 401(k)
- Total Participants: 364
- Total Assets: $5.0M
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 | 364 | $5.0M | $356,864 | $620,516 |
| 2023 | 182 | $3.9M | $275,752 | $499,105 |
| 2022 | 233 | $2.9M | $243,442 | $449,682 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $29,877 | — | $29,877 |
| GLOBAL RETIREMENT PARTNERS, LLC | NONE | $19,227 | — | $19,227 |
| WALLACE, PLESE, DREHER, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- GLOBAL RETIREMENT PARTNERS, LLC — NONE
- WALLACE, PLESE, DREHER, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,104
- Estimated Expense Ratio: 0.983% 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 | $25,851 | $19,227 | $6,624 | — | — |
| 2023 | $21,705 | $14,671 | $7,034 | — | — |
| 2022 | $17,251 | — | $17,251 | — | — |