Plan Snapshot
- Plan Sponsor: The Independent Order Of Foresters
- Sponsor EIN: 980000680
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 70
- Total Assets: $17.5M
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 | 70 | $17.5M | $415,568 | $582,295 |
| 2023 | 0 | $0 | $0 | $0 |
| 2022 | 68 | $12.3M | $401,440 | $579,114 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $42,336 | — | $42,336 |
| TAIT WELLER & BAKER, LLP | Other Service Provider | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,336
- Estimated Expense Ratio: 0.310% 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 | $54,336 | — | $42,337 | $11,999 | — |
| 2023 | $157,071 | — | — | — | — |
| 2022 | $40,113 | — | $19,128 | — | $20,985 |