Plan Snapshot
- Plan Sponsor: Foundation Software, LLC
- Sponsor EIN: 341474815
- Sponsor Address: 17800 ROYALTON ROAD, STRONGSVILLE, OH, 44136
- Plan Type: 401(k)
- Total Participants: 505
- Total Assets: $42.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 505 | $42.9M | $1.3M | $2.9M |
| 2023 | 478 | $37.4M | $1.1M | $2.5M |
| 2022 | 412 | $29.3M | $994,153 | $2.2M |
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 |
|---|---|---|---|---|
| BSB PARTNERS CPAS AND BUSINESS ADVI | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $107,286 | $67,033 | — | — | — |
| 2023 | $88,127 | $51,972 | — | — | — |
| 2022 | $79,959 | $47,985 | — | — | — |