Plan Snapshot
- Plan Sponsor: Forge Industries, INC.
- Sponsor EIN: 340485880
- Sponsor Address: 8000 HUB PARKWAY, CLEVELAND, OH, 44125
- Plan Type: 401(k)
- Total Participants: 757
- Total Assets: $148.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 757 | $148.0M | $5.7M | $6.0M |
| 2023 | 691 | $124.2M | $5.8M | $5.4M |
| 2022 | 673 | $98.2M | $4.5M | $5.2M |
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 |
|---|---|---|---|---|
| DICILLO & ASSOCIATES, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | -$94,167 | $3,527 | — | — | — |
| 2023 | -$77,917 | $310 | — | — | — |
| 2022 | -$69,686 | — | — | — | — |