Plan Snapshot
- Plan Sponsor: Foxconn Ev System LLC
- Sponsor EIN: 873427878
- Sponsor Address: 12345 NORTH LAMAR, SUITE 160, AUSTIN, TX, 78753
- Plan Type: 401(k)
- Total Participants: 455
- Total Assets: $11.3M
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 | 455 | $11.3M | $1.3M | $2.6M |
| 2023 | 430 | $6.7M | $959,741 | $1.9M |
| 2022 | 266 | $2.0M | $416,114 | $773,512 |
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 | $18,927 | — | $18,927 |
| ADP, INC. | RECORD KEEPER | $5,185 | — | $5,185 |
| 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: $24,112
- Estimated Expense Ratio: 0.213% 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 | $24,113 | $18,928 | — | — | — |
| 2023 | $20,365 | — | — | $15,705 | — |
| 2022 | — | — | — | — | — |