Plan Snapshot
- Plan Sponsor: Formetco, Incorporated
- Sponsor EIN: 581036723
- Sponsor Address: 2963 PLEASANT HILL ROAD, DULUTH, GA, 30096
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $21.5M
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 | 171 | $21.5M | $427,690 | $1.1M |
| 2023 | 154 | $18.5M | $386,746 | $1.0M |
| 2022 | 128 | $15.5M | $332,951 | $863,075 |
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 |
|---|---|---|---|---|
| GREENSPRING ADVISORS, LLC | INVESTMENT/FINANCIAL ADVI | $30,197 | — | $30,197 |
| WINDHAM BRANNON | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GREENSPRING ADVISORS, LLC — INVESTMENT/FINANCIAL ADVI
- WINDHAM BRANNON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,197
- Estimated Expense Ratio: 0.141% 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 | $34,250 | $30,197 | — | — | — |
| 2023 | $31,874 | $29,035 | — | — | — |
| 2022 | $29,814 | — | — | — | — |