Plan Snapshot
- Plan Sponsor: Friendship Foundation
- Sponsor EIN: 541427948
- Sponsor Address: 367 HERSHBERGER ROAD, ROANOKE, VA, 24012
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,009
- Total Assets: $17.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,009 | $17.5M | $738,484 | $2.1M |
| 2023 | 955 | $13.8M | $525,240 | $1.6M |
| 2022 | 621 | $10.6M | $442,806 | $1.2M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $48,673 | — | $48,673 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,673
- 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 |
|---|---|---|---|---|---|
| 2024 | $48,673 | — | $48,673 | — | — |
| 2023 | $34,032 | — | $34,032 | — | — |
| 2022 | $41,077 | $8 | $41,069 | — | — |