Plan Snapshot
- Plan Sponsor: Freestore Foodbank INC.
- Sponsor EIN: 237122205
- Sponsor Address: 3401 ROSENTHAL WAY, CINCINNATI, OH, 45204
- Plan Type: 403(b)
- Total Participants: 132
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 132 | $8.9M | $337,792 | $617,952 |
| 2023 | 141 | $7.6M | $404,642 | $587,542 |
| 2022 | 129 | $5.9M | $338,957 | $511,497 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $44,048 | — | $44,048 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $21,162 | — | $21,162 |
| CREATIVE RETIREMENT SYSTEMS | Recordkeeper | $2,801 | $14,569 | $17,370 |
| CAMBRIDGE INVESTMENT RESARCH ADVIS | Investment Advisor | — | $12,116 | $12,116 |
| CAMBRIDGE INVESTMENT GROUP | Investment Advisor | $10,285 | — | $10,285 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,981
- Estimated Expense Ratio: 1.184% 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 | $81,340 | — | $81,340 | — | — |
| 2023 | $45,206 | $16,833 | $4,969 | — | — |
| 2022 | $50,542 | — | — | — | — |