Plan Snapshot
- Plan Sponsor: Functional Software, INC.
- Sponsor EIN: 474554430
- Sponsor Address: 45 FREMONT STREET, SAN FRANCISCO, CA, 94105
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 377
- Total Assets: $25.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 377 | $25.9M | $0 | $0 |
| 2024 | 230 | $19.0M | $6,876 | $3.7M |
| 2023 | 232 | $13.2M | $43,428 | $3.5M |
| 2022 | 228 | $6.8M | $0 | $2.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $9,132 | — | $9,132 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,132
- Estimated Expense Ratio: 0.035% 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 |
|---|---|---|---|---|---|
| 2025 | $3,012,638 | — | — | — | — |
| 2024 | $9,980 | — | — | — | — |
| 2023 | $5,110 | — | — | — | — |
| 2022 | $33,319 | $33,319 | — | — | — |