2023 Form 5500 filing — Folience 401(K) Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241001125848NAL0011592832001) for Folience 401(K) Savings Plan, reported by Folience, Inc. under EIN 42-0269570 and plan number 003. It reports 712 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001125848NAL0011592832001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Folience, Inc.
- EIN
- 42-0269570
- Plan number
- 003
- Location
- Cedar Rapids, IA
- Participants
- 712
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $36,714,496
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $36,714,496
- Participant contributions
- $2,013,018
- Total income / additions
- $7,647,396
- Benefits paid
- $3,527,798
- Administrative expenses
- $139,073
- Total expenses
- $3,666,871
- Net increase / (decrease)
- $3,980,525
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $139,073 | $0 |
| Commonwealth Financial Network | INVESTMENT ADVISORY | $0 | $57,171 |
| Forvis Mazars | ACCOUNTANT | $0 | $10,373 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |