# The Independent Order Of Foresters 401(k) Plan
Source: https://planprovider.pro/companies/the-independent-order-of-foresters-401k-plan

> The Independent Order Of Foresters's 401(k) plan: 70 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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