Plan Ledger DOL Form 5500 · updated monthly

Forward Slope, Inc.401(k)

FSI 401(K) PROFIT SHARING PLAN · SAN DIEGO, CA · 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 Slope, Inc. reported $65,895 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,072 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 rose from 0.28% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 4,288th-largest of 9,483 plans among California employers on file, and 6,425th of 11,654 in professional & technical services. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has shrunk from 178 to 141 since 2022.

Plan summary
Net assets, end of year$15,648,916
Participants with balances192
Active participants141
Employer contributions$574,175
Employee contributions$1,294,880
Employer contribution per active participant$4,072
Average account balance$81,505
Benefits paid to participants$689,608
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 192 accts · $574K emplr
2023$12.6M · 190 accts · $621K emplr
2022$9.7M · 176 accts · $572K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,867
Investment management$20,514
Total administrative$65,895
The Forward Slope, Inc. 401(k) match · 2024
Employer contribution per active participant$4,072
Median for plans this size$2,416
2024$4,072 per active participant
2023$3,698 per active participant
2022$3,214 per active participant

Forward Slope, Inc.'s 2024 employer contribution ran above 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$41,028
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,866
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$65,895 · 0.47%
2023$41,623 · 0.37%
2022$28,213 · 0.28%
Similar plansProfessional & Technical Services · California
Solugenix Corporation CA$15.8M · 0.55%
H Code Media, Inc. CA$15.8M · 0.39%
Fci Lender Services Inc CA$15.8M · 0.54%
Apolis CA$15.7M · 0.45%
Limeade, Inc. CA$15.6M · 0.28%
Hunt & Henriques,Llp CA$15.6M · 0.59%
The Third Floor, Inc. CA$15.5M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330759000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.