Plan Snapshot
- Plan Sponsor: Foundation 2, INC.
- Sponsor EIN: 421078444
- Sponsor Address: 305 2ND AVENUE SE., CEDAR RAPIDS, IA, 52401
- Plan Type: 401(k)
- Total Participants: 112
- Total Assets: $2.9M
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 | 112 | $2.9M | $111,579 | $260,029 |
| 2023 | 137 | $2.3M | $94,537 | $223,481 |
| 2022 | 116 | $2.0M | $76,158 | $180,213 |
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 |
|---|---|---|---|---|
| OHNWARD FINANCIAL ADVISOR SERVICES | RIA FEES | $17,971 | — | $17,971 |
| JULY BUSINESS SERVICES LLC | RECORDKEEPER | $8,038 | — | $8,038 |
| FORGE FINANCIAL & MANAGEMENT CONSUL | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES LLC — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,009
- Estimated Expense Ratio: 0.903% 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 | $34,867 | $17,971 | $6,000 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |