Retirement plan

FORA FINANCIAL LLC 401(K) PLAN

Name: FORA FINANCIAL LLC - FORA FINANCIAL LLC 401(K) PLAN (2023) Form 5500
Creator: FORA FINANCIAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORA FINANCIAL LLC 401(K) PLAN, FORA FINANCIAL LLC

FORA FINANCIAL LLCEIN 90-0393753Plan #001PY 2023

1385 BROADWAY, 15TH FLOOR - NEW YORK, NY 10018212-947-0100forafinancial.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5M

+39.3% from 2022

Total participants

147

-19.2% from 2022

Average account balance

$47,666

+71.2% from 2022

Annual return

21.17%

+40.65 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.84M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

126

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.

78.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+18.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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
COMMONWEALTH FINANCIAL NETWORK1 year Filed as: COMMONWEALTH EQUITY SERVICES Service code 99	Other Fees	$21,410
COMMONWEALTH FINANCIAL NETWORK6 years Service code 99 · EIN 04-2675571	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2J2G3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$31 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.079%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FARBER, BLICHT, EYERMAN & HERZOG, L
Auditor EIN: 112424454
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,666

$130,294-63.4%

$170,028-72.0%

$71,495-33.3%

Participation rate

67.4%

86.2%-18.7pp

87.0%-19.6pp

67.9%-0.5pp

Annual return

21.17%

20.36%+0.8pp

53.39%-32.2pp

28.85%-7.7pp

Employer contribution / active EE

$2,505

$4,385-42.9%

$6,788-63.1%

$2,589-3.2%

Participant deferral / active EE

$7,543

$6,928+8.9%

$10,409-27.5%

$4,291+75.8%

Admin fee / account holder

$38

$966-96.1%

$12,820-99.7%

$1,588-97.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Filed as: COMMONWEALTH EQUITY SERVICES

Service code 99

Other Fees

$21,410

COMMONWEALTH FINANCIAL NETWORK6 years

Service code 99 · EIN 04-2675571

Other Fees

FORA FINANCIAL LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORA FINANCIAL LLC 401(K) 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