Plan Snapshot
- Plan Sponsor: Freund INC.
- Sponsor EIN: 420996358
- Sponsor Address: 675 44TH ST, MARION, IA, 52302
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 141
- Total Assets: $19.7M
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. |
|---|---|---|---|---|
| 2025 | 141 | $19.7M | $0 | $0 |
| 2024 | 104 | $17.5M | $202,785 | $779,653 |
| 2023 | 96 | $17.9M | $200,254 | $769,778 |
| 2022 | 101 | $15.9M | $204,523 | $773,017 |
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 |
|---|---|---|---|---|
| PRIME CAPITAL INVESTMENT ADVISORS | Investment Advisor | $34,062 | — | $34,062 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $20,668 | — | $20,668 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,730
- Estimated Expense Ratio: 0.278% 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 |
|---|---|---|---|---|---|
| 2025 | $1,447,904 | $34,062 | — | — | — |
| 2024 | $51,914 | $33,974 | — | — | — |
| 2023 | $52,133 | $32,847 | — | — | — |
| 2022 | $54,082 | — | — | — | — |