Retirement plan

FOUNDATIONS FOR CHANGE 401(K) RETIREMENT PLAN

Name: FOUNDATIONS FOR CHANGE, LLC - FOUNDATIONS FOR CHANGE 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: FOUNDATIONS FOR CHANGE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUNDATIONS FOR CHANGE 401(K) RETIREMENT PLAN, FOUNDATIONS FOR CHANGE, LLC

FOUNDATIONS FOR CHANGE, LLCEIN 61-1687546Plan #001PY 2024

3115 S. GRAND BLVD., SUITE 450 - ST. LOUIS, MO 63118314-577-0444foundationsforchange.netLinkedIn11-50 employeesmental health care

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$138K

+58.6% from 2023

Total participants

+12.5% from 2023

Average account balance

$10,636

+95.2% from 2023

Annual return

11.33%

+19.57 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$138K

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.

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.

72.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$3K

$186 / participant

Other / not subdivided$3K100.0%

% of EOY assets

2.426%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,636

$183,516-94.2%

$155,534-93.2%

$145,884-92.7%

Participation rate

72.2%

82.7%-10.5pp

78.2%-6.0pp

80.3%-8.1pp

Annual return

11.33%

61.43%-50.1pp

64.92%-53.6pp

551.85%-540.5pp

Employer contribution / active EE

$1,073

$5,315-79.8%

$4,675-77.0%

$4,662-77.0%

Participant deferral / active EE

$1,255

$6,467-80.6%

$5,630-77.7%

$6,690-81.2%

Admin fee / account holder

$258

$19,293-98.7%

$15,900-98.4%

$13,392-98.1%

FOUNDATIONS FOR CHANGE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUNDATIONS FOR CHANGE 401(K) RETIREMENT 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