# Foundation 2, INC. 401(k) Plan
Source: https://planprovider.pro/companies/foundation-2-inc-401k-plan

> Foundation 2, INC.'s 401(k) plan: 112 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/july-business-services) — 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|—|—|—|—|—|

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