Plan Ledger DOL Form 5500 · updated monthly

Forward Service Corporation401(k)

FORWARD SERVICE CORPORATION 401(K) PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Forward Service Corporation reported $95,910 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,405 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 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 808th-largest of 1,936 plans among Wisconsin employers on file, and the 568th of 2,534 in administrative & support services. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 295 to 334 since 2022.

Plan summary
Net assets, end of year$22,073,631
Participants with balances321
Active participants334
Employer contributions$803,366
Employee contributions$1,501,639
Employer contribution per active participant$2,405
Average account balance$68,765
Benefits paid to participants$1,452,611
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 321 accts · $803K emplr
2023$18.9M · 288 accts · $749K emplr
2022$17.7M · 288 accts · $717K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,765
Investment management$50,145
Total administrative$95,910
The Forward Service Corporation 401(k) match · 2024
Employer contribution per active participant$2,405
Median for plans this size$2,416
2024$2,405 per active participant
2023$2,497 per active participant
2022$2,430 per active participant

Forward Service Corporation's 2024 employer contribution ran below the $2,416 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
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)$46,139
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$45,765

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$95,910 · 0.47%
2023$88,367 · 0.48%
2022$79,618 · 0.49%
Same employer
Similar plansAdministrative & Support Services · Wisconsin
The Employer Group, Inc. WI$30.9M · 0.58%
Executive Director, Inc. WI$30.5M · 0.33%
Fox World Travel, Inc. WI$25.2M · 0.59%
Marking Services, Inc. WI$23.5M · 0.50%
Salelytics, LLC WI$20.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391342890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.