Retirement plan

FORERUNNER TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: FORERUNNER TECHNOLOGIES INC. - FORERUNNER TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: FORERUNNER TECHNOLOGIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORERUNNER TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST, FORERUNNER TECHNOLOGIES INC.

FORERUNNER TECHNOLOGIES INC.EIN 59-2937938Plan #001PY 2024

150-M EXECUTIVE DRIVE - EDGEWOOD, NY 11717631-337-2100frtinc.comLinkedIn51-200 employeestelecommunications

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$8M

+20.3% from 2023

Total participants

219

+7.4% from 2023

Average account balance

$43,900

+5.2% from 2023

Annual return

13.41%

-3.23 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.03M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

183

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$942K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 27 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238	Advisory (Plan)	$18,605
UNITED BENEFIT PENSIONS INC.2 years Filed as: UNITED BENEFIT PENSIONS INC Service code 13 175 BROADHOLLOW RD STE 160 · MELVILLE, NY 11747	Contract Administrator	$4,050
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$1,925

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$116 / participant

Contract admin$19K100.0%

% of EOY assets

0.242%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ABBATE DEMARINIS, LLP
Auditor EIN: 204943540
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,900

$79,181-44.6%

$102,423-57.1%

$74,429-41.0%

Participation rate

78.6%

74.8%+3.8pp

76.5%+2.1pp

67.2%+11.4pp

Annual return

13.41%

54.97%-41.6pp

29.42%-16.0pp

1368.38%-1355.0pp

Employer contribution / active EE

$430

$2,362-81.8%

$3,023-85.8%

$2,625-83.6%

Participant deferral / active EE

$5,174

$4,416+17.2%

$5,054+2.4%

$4,348+19.0%

Admin fee / account holder

$106

$2,002-94.7%

$9,455-98.9%

$1,944-94.5%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 27

315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238

Advisory (Plan)

$18,605

UNITED BENEFIT PENSIONS INC.2 years

Filed as: UNITED BENEFIT PENSIONS INC

Service code 13

175 BROADHOLLOW RD STE 160 · MELVILLE, NY 11747

Contract Administrator

$4,050

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$1,925

FORERUNNER TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORERUNNER TECHNOLOGIES INC. 401(K) PROFIT SHARING PLAN AND TRUST

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