Plan Ledger DOL Form 5500 · updated monthly

Foundation for National Progress401(k)

FOUNDATION FOR NATIONAL PROGRESS EMPLOYEES' RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Foundation for National Progress reported $43,138 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,347 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in California (4,847th of 9,483), and 1,339th of 2,199 in information & media. In 2024, employees put in $5.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,615,828
Participants with balances161
Active participants139
Employer contributions$187,201
Employee contributions$935,236
Employer contribution per active participant$1,347
Average account balance$78,359
Benefits paid to participants$510,021
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,463
Investment management$22,675
Total administrative$43,138
The Foundation for National Progress 401(k) match · 2024
Employer contribution per active participant$1,347
Median for plans this size$2,416

Foundation for National Progress'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
NEWFRONT RETIREMENT SERVICES INC · Investment advisory (plan)$22,675
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,463

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

Administrative cost history1
2024$43,138 · 0.41%
Similar plansInformation & Media · California
Change.Org, Inc. CA$12.9M · 0.03%
Unwired Broadband Holdings CA$12.9M · 0.37%
Medata, Inc. CA$12.9M · 0.21%
Measurabl, Inc. CA$12.6M · 0.85%
Vendasta USA Inc. CA$12.6M · 0.18%
Patriot Communications LLC CA$12.6M · 0.47%
Lumos Labs, Inc. CA$12.6M · 0.15%
Iyuno USA Inc. CA$12.6M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942282759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.