Plan Snapshot
- Plan Sponsor: Forfeiture Support Associates, LLC Dba Fsa Federal
- Sponsor EIN: 510476024
- Sponsor Address: 2553 DULLES VIEW DR, SUITE 450, HERNDON, VA, 20171
- Plan Type: 401(k)
- Total Participants: 996
- Total Assets: $87.5M
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 | 996 | $87.5M | $1.2M | $4.5M |
| 2023 | 885 | $80.5M | $1.2M | $4.5M |
| 2022 | 927 | $70.4M | $1.3M | $4.2M |
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 |
|---|---|---|---|---|
| RBC WEALTH MANAGEMENT | ADVISOR | $60,000 | — | $60,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $49,301 | — | $49,301 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $11,285 | — | $11,285 |
| BEHRENS & BANKS, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC WEALTH MANAGEMENT — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $120,586
- Estimated Expense Ratio: 0.138% 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 | $120,586 | $71,285 | — | — | — |
| 2023 | $118,934 | $70,676 | — | — | — |
| 2022 | $99,190 | $3,190 | — | — | — |