Plan Snapshot
- Plan Sponsor: Foundant Technologies
- Sponsor EIN: 208081996
- Sponsor Address: 149 WILLOW PEAK DRIVE, BOZEMAN, MT, 59718
- Plan Type: 401(k)
- Total Participants: 159
- Total Assets: $10.3M
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 | 159 | $10.3M | $550,345 | $1.1M |
| 2023 | 183 | $9.2M | $651,561 | $1.3M |
| 2022 | 195 | $6.3M | $560,600 | $1.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $32,321 | — | $32,321 |
| SECURITIES AMERICA INC | Investment Advisor | $18,190 | — | $18,190 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $15,552 | — | $15,552 |
| OSAIC WEALTH INC | Investment Advisor | $12,694 | — | $12,694 |
| BIG SKY RETIREMENT INC | Other Service Provider | $2,805 | $9,811 | $12,616 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,373
- Estimated Expense Ratio: 0.884% 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 | $83,515 | $46,436 | $2,805 | — | — |
| 2023 | $68,431 | $10,700 | $1,530 | — | — |
| 2022 | $52,197 | $6,617 | $44,534 | — | — |