# Friendship Foundation 401(k) Plan
Source: https://planprovider.pro/companies/friendship-foundation-541427948-001

> Friendship Foundation's 401(k) plan: 1,009 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

## Similar Plans

- [Capital One Financial Corporation](https://planprovider.pro/companies/capital-one-financial-corporation-401k-plan) — 45,199 participants

- [Geico Corporation](https://planprovider.pro/companies/geico-corporation-521135801-501) — 23,418 participants

- [Smithfield Foods Incorporated](https://planprovider.pro/companies/smithfield-foods-inc-401k-plan) — 13,599 participants

- [Smithfield Foods Incorporated](https://planprovider.pro/companies/smithfield-foods-incorporated-401k-plan-004) — 13,237 participants

- [Carilion Clinic](https://planprovider.pro/companies/carilion-clinic-plan-001) — 10,559 participants

- [Akima, LLC](https://planprovider.pro/companies/akima-llc-401k-plan) — 10,186 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/friendship-foundation-541427948-001)

© 2026 PlanProvider.Pro