Plan Snapshot
- Plan Sponsor: The Freedom Academy Foundation
- Sponsor EIN: 134255839
- Sponsor Address: 1190 W 900 N., PROVO, UT, 846043171
- Plan Type: 401(k)
- Total Participants: 466
- Total Assets: $9.4M
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 | 466 | $9.4M | $830,840 | $359,175 |
| 2023 | 399 | $8.4M | $779,864 | $341,319 |
| 2022 | 361 | $6.6M | $522,036 | $339,765 |
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 |
|---|---|---|---|---|
| BAS PARTNERS, D/B/A A. PORTER CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAS PARTNERS, D/B/A A. PORTER CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $2,196 | — | $2,196 | — | — |
| 2023 | $1,450 | — | $1,450 | — | — |
| 2022 | $3,232 | — | $3,232 | — | — |