Plan Snapshot
- Plan Sponsor: Foundation Communities
- Sponsor EIN: 742563260
- Sponsor Address: 3000 S IH35 STE 300, AUSTIN, TX, 78704
- Plan Type: 401(k)
- Total Participants: 335
- Total Assets: $16.8M
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 | 335 | $16.8M | $988,485 | $808,731 |
| 2023 | 330 | $13.8M | $894,182 | $720,450 |
| 2022 | 303 | $10.7M | $767,847 | $649,065 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $87,915 | $49 | $87,964 |
| WORLD INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $40,469 | $40,469 |
| CALHOUN, THOMSON & MATZA, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,433
- Estimated Expense Ratio: 0.764% 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 | $87,914 | $837 | $85,877 | — | — |
| 2023 | $67,293 | $608 | $65,585 | — | — |
| 2022 | $62,963 | — | — | — | — |