Plan Snapshot
- Plan Sponsor: Freeland Group Restaurants, INC.
- Sponsor EIN: 862697906
- Sponsor Address: 202 WEST BERRY ST, FORT WAYNE, IN, 46802
- Plan Type: 401(k)
- Total Participants: 749
- Total Assets: $21.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 749 | $21.5M | $114,138 | $733,529 |
| 2023 | 731 | $19.9M | $195,422 | $783,575 |
| 2022 | 827 | $17.2M | $169,000 | $564,823 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Recordkeeper | $129,781 | — | $129,781 |
| NEWPORT TRUST COMPANY | Custodian / Trustee | $10,238 | — | $10,238 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,019
- Estimated Expense Ratio: 0.651% 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 | $140,019 | — | $40,600 | — | — |
| 2023 | $124,661 | — | $32,754 | — | — |
| 2022 | $121,093 | — | $119,069 | — | $2,024 |