Plan Ledger DOL Form 5500 · updated monthly

Foundation Software, LLC401(k)

FOUNDATION SOFTWARE, LLC 401(K) RETIREMENT SAVINGS PLAN · STRONGSVILLE, OH · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Foundation Software, LLC reported $107,286 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,500 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 0.267%. 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 the 736th-largest of 3,295 plans among Ohio employers on file, and the 589th of 2,199 in information & media. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has grown from 412 to 505 since 2022.

Plan summary
Net assets, end of year$42,924,280
Participants with balances460
Active participants505
Employer contributions$1,262,467
Employee contributions$2,879,395
Employer contribution per active participant$2,500
Average account balance$93,314
Benefits paid to participants$4,001,694
Plan auditUnmodified (clean) audit opinion
AuditorBSB PARTNERS CPAS AND BUSINESS ADVI
Plan history3
Yearassets · accounts · employer contribution
2024$42.9M · 460 accts · $1.3M emplr
2023$37.4M · 458 accts · $1.1M emplr
2022$29.3M · 421 accts · $994K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,253
Investment management$67,033
Total administrative$107,286
The Foundation Software, LLC 401(k) match · 2024
Employer contribution per active participant$2,500
Median for plans this size$2,416
2024$2,500 per active participant
2023$2,395 per active participant
2022$2,413 per active participant

Foundation Software, LLC'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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$40,253
CBIZ INVESTMENT ADVISORY SERVI · Investment management$67,033

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$107,286 · 0.27%
2023$88,127 · 0.26%
2022$79,959 · 0.27%
Same employer
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Oeconnection LLC OH$76.8M · 0.11%
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Massillon Cable T.V., Inc. OH$31.9M · 0.00%
Babcox Media, Inc. OH$31.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341474815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.