Plan Snapshot
- Plan Sponsor: Forward Corporation
- Sponsor EIN: 381464754
- Sponsor Address: 219 NORTH FRONT ST, STANDISH, MI, 48658
- Plan Type: 401(k)
- Total Participants: 434
- Total Assets: $7.5M
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 | 434 | $7.5M | $136,995 | $413,679 |
| 2023 | 353 | $6.5M | $152,622 | $383,361 |
| 2022 | 375 | $7.1M | $149,539 | $417,119 |
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 |
|---|---|---|---|---|
| LPL FINANCIAL | INVESTMENT ADVISOR | $60,573 | — | $60,573 |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $25,079 | — | $25,079 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $7,709 | — | $7,709 |
| WEINLANDER FITZHUGH | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEINLANDER FITZHUGH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,361
- Estimated Expense Ratio: 1.248% 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 | $34,074 | — | — | — | — |
| 2023 | $27,875 | — | $27,275 | — | — |
| 2022 | $56,102 | $24,566 | $31,536 | — | — |