Plan Snapshot
- Plan Sponsor: Forma Automotive, LLC
- Sponsor EIN: 364788879
- Sponsor Address: 45 NE INTERSTATE 410 LOOP, SAN ANTONIO, TX, 78216
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $1.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 166 | $1.3M | $124,499 | $383,527 |
| 2023 | 133 | $893,576 | $61,202 | $310,301 |
| 2022 | 127 | $541,664 | $30,266 | $201,917 |
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 |
|---|---|---|---|---|
| BDO USA , LLP | ACCOUNTANT | $22,300 | — | $22,300 |
| ADP, INC. | RECORD KEEPER | $7,281 | — | $7,281 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA , LLP — ACCOUNTANT
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,581
- Estimated Expense Ratio: 2.301% 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 | $29,582 | $22,300 | — | — | — |
| 2023 | $8,968 | — | — | — | — |
| 2022 | $8,315 | — | — | — | — |