Plan Snapshot
- Plan Sponsor: Friends University
- Sponsor EIN: 480547702
- Sponsor Address: 2100 WEST UNIVERSITY, WICHITA, KS, 672133379
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $36.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 250 | $36.9M | $452,844 | $780,835 |
| 2023 | 548 | $36.2M | $415,396 | $743,385 |
| 2022 | 259 | $32.7M | $378,941 | $698,405 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | $11,665 | — | $11,665 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,665
- Estimated Expense Ratio: 0.032% 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 | $97,650 | $30,844 | $55,141 | $11,665 | — |
| 2023 | $89,891 | — | $89,891 | — | — |
| 2022 | $47,943 | — | $47,943 | — | — |