Plan Snapshot
- Plan Sponsor: Foxconn Assembly, LLC
- Sponsor EIN: 760699507
- Sponsor Address: 8807 FALLBROOK DRIVE, HOUSTON, TX, 77064
- Plan Type: 401(k)
- Total Participants: 658
- Total Assets: $37.7M
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 | 658 | $37.7M | $1.2M | $3.0M |
| 2023 | 574 | $31.6M | $992,154 | $2.2M |
| 2022 | 589 | $26.7M | $806,929 | $1.8M |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES | CONSULTANT | $25,136 | — | $25,136 |
| ADP, INC. | RECORD KEEPER | $8,650 | — | $8,650 |
| ACORN ACCOUNTANCY CORPORATION | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES — CONSULTANT
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,786
- Estimated Expense Ratio: 0.090% 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 | $33,787 | $25,137 | — | — | — |
| 2023 | $57,120 | $49,600 | — | — | — |
| 2022 | $51,536 | — | — | — | — |