Plan Ledger DOL Form 5500 · updated monthly

Foresight Technologies, Inc.401(k)

FORESIGHT TECHNOLOGIES, INC. 401(K) SAVINGS PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Foresight Technologies, Inc. reported $25,851 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $980 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 3 years on file its reported administrative ratio has held roughly steady near 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Arizona (834th of 1,285), and 9,808th of 11,654 in professional & technical services. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 233 to 364 since 2022.

Plan summary
Net assets, end of year$4,995,504
Participants with balances176
Active participants364
Employer contributions$356,864
Employee contributions$620,516
Employer contribution per active participant$980
Average account balance$28,384
Benefits paid to participants$315,377
Plan auditUnmodified (clean) audit opinion
AuditorWALLACE, PLESE, DREHER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 176 accts · $357K emplr
2023$3.9M · 125 accts · $276K emplr
2022$2.9M · 133 accts · $243K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,624
Investment management$19,227
Total administrative$25,851
The Foresight Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$980
Median for plans this size$1,313
2024$980 per active participant
2023$1,515 per active participant
2022$1,045 per active participant

Foresight Technologies, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$29,877
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$19,227

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$25,851 · 0.58%
2023$21,705 · 0.64%
2022$17,251 · 0.60%
Same employer
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Soaren Management LLC AZ$5.2M · 0.85%
Bird Acquisition, LLC AZ$5.2M · 0.97%
Solera Health AZ$4.9M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860785530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.