Plan Snapshot
- Plan Sponsor: Foundation For National Progress
- Sponsor EIN: 942282759
- Sponsor Address: 222 SUTTER STREET, SAN FRANCISCO, CA, 94108
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $12.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 139 | $12.6M | $187,201 | $935,236 |
| 2023 | 95 | $8.6M | $42,338 | $677,089 |
| 2022 | 80 | $6.6M | $41,486 | $618,416 |
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 |
|---|---|---|---|---|
| NEWFRONT RETIREMENT SERVICES INC | Investment Advisor | $22,675 | — | $22,675 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $20,463 | — | $20,463 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,138
- Estimated Expense Ratio: 0.342% 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 | $43,138 | $22,675 | — | — | — |
| 2023 | $113,838 | — | $33,163 | — | — |
| 2022 | $473,251 | — | $33,838 | — | — |