Plan Snapshot
- Plan Sponsor: Foundation Source Philanthropic Services, INC.
- Sponsor EIN: 510398347
- Sponsor Address: 55 WALLS DR, 3RD FLOOR, FAIRFIELD, CT, 06824
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 215 | $15.9M | $156,931 | $1.4M |
| 2023 | 217 | $13.5M | $74,094 | $1.3M |
| 2022 | 224 | $11.1M | $75,910 | $1.2M |
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 |
|---|---|---|---|---|
| PROCYON PARTNERS, LLC | Other Service Provider | $36,160 | — | $36,160 |
| EMPOWER ANNUITY INSURANCE CO. | Other Service Provider | $29,882 | — | $29,882 |
| RPCG, LLC | Other Service Provider | $900 | $7,232 | $8,132 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,174
- Estimated Expense Ratio: 0.466% 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 | $67,193 | — | $64,382 | — | — |
| 2023 | $44,596 | — | $43,666 | — | — |
| 2022 | $45,354 | $28,365 | $11,451 | — | $5,538 |