Folience 401(K) Savings Plan — Form 5500 plan (Folience, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Folience 401(K) Savings Plan is a benefit plan reported by Folience, Inc. under EIN 42-0269570 and plan number 003. The latest loaded filing year is 2023. The filing reports 712 participants and $36,714,496 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Folience, Inc.
- EIN
- 42-0269570
- Plan number
- 003
- Plan type
- 2
- Location
- Cedar Rapids, IA
- Latest filing year
- 2023
- Participants
- 712
- End-of-year plan assets
- $36,714,496
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 712 | H, C | 20241001125848NAL0011592832001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $36,714,496
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $36,714,496
- Net assets (BOY)
- $32,378,396
Income & contributions
- Participant contributions
- $2,013,018
- Total contributions
- $2,387,203
- Total income / additions
- $7,647,396
Expenses & distributions
- Benefits paid
- $3,527,798
- Administrative expenses
- $139,073
- Total expenses
- $3,666,871
- Net increase / (decrease)
- $3,980,525
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $139,073 | $0 | 2023 |
| Commonwealth Financial Network | INVESTMENT ADVISORY | $0 | $57,171 | 2023 |
| Forvis Mazars | ACCOUNTANT | $0 | $10,373 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Folience, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IA
- 401(k) and benefit plan filings in Cedar Rapids, IA
- Principal Life Insurance Company — Schedule C compensation
- Commonwealth Financial Network — Schedule C compensation
- Forvis Mazars — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation