Plan Snapshot
- Plan Sponsor: Frm Socks LLC
- Sponsor EIN: 611804624
- Sponsor Address: 227 POPLAR STREET, OSAGE, IA, 50461
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $17.1M
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 | 151 | $17.1M | $116,598 | $569,013 |
| 2023 | 151 | $15.7M | $107,912 | $552,060 |
| 2022 | 204 | $13.7M | $97,957 | $509,810 |
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 |
|---|---|---|---|---|
| LION STEET ADVISORS LLC | Investment Advisor | $42,500 | — | $42,500 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $28,849 | — | $28,849 |
| THE FINWAY GROUP | Other Service Provider | $5,903 | — | $5,903 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,252
- Estimated Expense Ratio: 0.453% 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 | $80,059 | $80,059 | — | — | — |
| 2023 | $65,124 | $46,110 | — | — | — |
| 2022 | $77,086 | — | $77,086 | — | — |