Plan Snapshot
- Plan Sponsor: Future Technologies, INC.
- Sponsor EIN: 541646962
- Sponsor Address: 12600 FAIR LAKES CIRCLE, SUITE 200, FAIRFAX, VA, 22033
- Plan Type: 401(k)
- Total Participants: 248
- Total Assets: $17.0M
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 | 248 | $17.0M | $326,448 | $1.2M |
| 2023 | 225 | $14.6M | $289,659 | $966,315 |
| 2022 | 220 | $13.5M | $295,009 | $900,205 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $40,992 | — | $40,992 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $7,843 | — | $7,843 |
| ASCENSUS HOLDINGS INC DBA | Other Service Provider | — | $5,000 | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,835
- Estimated Expense Ratio: 0.316% 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 | $65,879 | — | $65,879 | — | — |
| 2023 | $47,184 | — | $47,184 | — | — |
| 2022 | $61,462 | — | $61,462 | — | — |