Plan Snapshot
- Plan Sponsor: Friends Of Faith Retirement Home, INC.
- Sponsor EIN: 510245745
- Sponsor Address: 600 PARK LANE, WATERLOO, IA, 50702
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $5.8M
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 | 169 | $5.8M | $316,550 | $383,689 |
| 2023 | 163 | $5.5M | $269,892 | $314,390 |
| 2022 | 154 | $4.6M | $257,704 | $307,135 |
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 |
|---|---|---|---|---|
| CARNEY ALEXANDER MAROLD & CO. LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $50,108 | $184 | $45,735 | — | — |
| 2023 | $51,358 | $155 | $47,181 | — | — |
| 2022 | $50,032 | — | — | — | $47,107 |