Plan Snapshot
- Plan Sponsor: Forrester Construction Company
- Sponsor EIN: 521587647
- Sponsor Address: 12231 PARKLAWN DRIVE, ROCKVILLE, MD, 20852
- Plan Type: 401(k)
- Total Participants: 52
- Total Assets: $20.1M
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 | 52 | $20.1M | $141,309 | $594,465 |
| 2023 | 70 | $24.4M | $303,410 | $852,984 |
| 2022 | 85 | $23.7M | $310,876 | $870,868 |
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 |
|---|---|---|---|---|
| CORNERSTONE ADVISORS ASSET MANAGEME | INVESTMENT/FINANCIAL ADVI | $11,704 | — | $11,704 |
| ADP, INC. | RECORD KEEPER | $7,116 | — | $7,116 |
| FAW CASSON & CO. LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CORNERSTONE ADVISORS ASSET MANAGEME — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
- FAW CASSON & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,820
- Estimated Expense Ratio: 0.093% 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 | $70,137 | — | — | — | — |
| 2023 | $67,492 | — | $67,492 | — | — |
| 2022 | $78,854 | — | — | — | $78,854 |