Plan Ledger DOL Form 5500 · updated monthly

Faith Technologies Incorporated401(k)

FAITH TECHNOLOGIES INCORPORATED 401(K) RETIREMENT PLAN · MENASHA, WI · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Faith Technologies Incorporated reported $365,234 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $3,949 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.12% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 82nd-largest of 1,936 plans among Wisconsin employers on file, and the 187th of 5,337 in construction. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 2,625 to 3,723 since 2022.

Plan summary
Net assets, end of year$377,936,414
Participants with balances4,391
Active participants3,723
Employer contributions$14,703,501
Employee contributions$31,254,251
Employer contribution per active participant$3,949
Average account balance$86,071
Benefits paid to participants$24,278,882
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$377.9M · 4,391 accts · $14.7M emplr
2023$308.5M · 3,887 accts · $7.6M emplr
2022$253.7M · 3,315 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$238,273
Investment management$70,000
Total administrative$365,234
The Faith Technologies Incorporated 401(k) match · 2024
Employer contribution per active participant$3,949
Median for plans this size$4,294
2024$3,949 per active participant
2023$2,400 per active participant
2022$2,344 per active participant

Faith Technologies Incorporated's 2024 employer contribution ran below the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ALPHA INVESTMENT CONSULTING GROUP · Investment advisory (plan)$70,000
GRANT THORNTON LLP$17,140

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$365,234 · 0.11%
2023$305,413 · 0.11%
2022$327,894 · 0.12%
All plans at this employer2
FAITH TECHNOLOGIES INCORPORATED 401(K) RETIREMENT PLAN401(k)
FAITH TECHNOLOGIES INCORPORATED 401(A) PLANProfit-sharing plan
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 412065665 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.