Retirement plan

FOSTER ADOPT CONNECT EMPLOYEE SAVINGS PLAN

Name: FOSTER ADOPT CONNECT, INC. - FOSTER ADOPT CONNECT EMPLOYEE SAVINGS PLAN (2024) Form 5500
Creator: FOSTER ADOPT CONNECT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOSTER ADOPT CONNECT EMPLOYEE SAVINGS PLAN, FOSTER ADOPT CONNECT, INC.

FOSTER ADOPT CONNECT, INC.EIN 43-1895965Plan #001PY 2024

18600 EAST 37TH TERRACE S - INDEPENDENCE, MO 64057816-659-9356fosteradoptconnection.orgLinkedIn1-10 employees

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$3.5M

+31.2% from 2023

Total participants

389

-0.3% from 2023

Average account balance

$11,150

+5.2% from 2023

Annual return

20.98%

+1.70 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.55M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$11K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

318

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

75.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$846K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.98%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$118

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$21,565
PRIME CAPITAL INVESTMENT ADVISORS1 year Filed as: PRIME CAPITAL INVESTMENT ADVISORS L Service code 27 6201 COLLEGE BLVD 7TH FL · OVERLAND PARK, KS 66211	Advisory (Plan)	$15,852

Plan features & details

Pension benefit codes2F2G2J2L2M2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$37K

$127 / participant

Recordkeeping$22K57.6%
Investment mgmt$16K42.4%

% of EOY assets

1.055%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 441060260
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,150

$50,820-78.1%

$155,567-92.8%

$77,671-85.6%

Participation rate

75.9%

63.1%+12.8pp

78.2%-2.3pp

70.6%+5.4pp

Annual return

20.98%

34.85%-13.9pp

64.74%-43.8pp

31.21%-10.2pp

Employer contribution / active EE

$927

$1,993-53.5%

$4,674-80.2%

$2,726-66.0%

Participant deferral / active EE

$1,941

$2,823-31.3%

$5,628-65.5%

$4,648-58.2%

Admin fee / account holder

$118

$436-73.0%

$15,916-99.3%

$430-72.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$21,565

PRIME CAPITAL INVESTMENT ADVISORS1 year

Filed as: PRIME CAPITAL INVESTMENT ADVISORS L

Service code 27

6201 COLLEGE BLVD 7TH FL · OVERLAND PARK, KS 66211

Advisory (Plan)

$15,852

FOSTER ADOPT CONNECT EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOSTER ADOPT CONNECT EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion