401k Record

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Forward Financing 401(k)

Administrative expenses excluding investment management, per participant · Forward Financing LLC Retirement Plan · plan year 2024

$364.79

Higher than 92% of the 24,371 plans $10 to 50M that report it.

Source

= $95,940 / 263
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930141522NAL0005536675001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930141522NAL0005536675001, received 2025-09-30

10th: $15.36median $118.8890th: $340.63

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-30.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$419.31

10th: $26.86median $197.2590th: $456.10

Higher than 87% of the 25,098 plans $10 to 50M that report it.

Source

= $110,278 / 263
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930141522NAL0005536675001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930141522NAL0005536675001, received 2025-09-30

Administrative expenses as a share of assets

0.604%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 90% of the 25,132 plans $10 to 50M that report it.

Source

= $110,278 / $18,262,213
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930141522NAL0005536675001, received 2025-09-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930141522NAL0005536675001, received 2025-09-30

Employer contributions per participant

$6,006

10th: $664median $2,07490th: $4,751

Higher than 95% of the 24,050 plans $10 to 50M that report it.

Source

= $1,579,679 / 263
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930141522NAL0005536675001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930141522NAL0005536675001, received 2025-09-30

Employer share of total contributions

30.6%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 60% of the 24,084 plans $10 to 50M that report it.

Source

= $1,579,679 / $5,167,234
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930141522NAL0005536675001, received 2025-09-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930141522NAL0005536675001, received 2025-09-30

Plan terms, as stated in Forward Financing LLC's SEC filings

Plan terms are not published in public filings.

Plan features

2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3B · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250930141522NAL0005536675001, received 2025-09-30

Full record, Forward Financing LLC Retirement Plan

FieldValueSource
Plan sponsorFORWARD FINANCING LLCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250930141522NAL0005536675001, received 2025-09-30
Plan nameFORWARD FINANCING LLC RETIREMENT PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250930141522NAL0005536675001, received 2025-09-30
Sponsor EIN / plan number46-1472077 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250930141522NAL0005536675001, received 2025-09-30
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250930141522NAL0005536675001, received 2025-09-30
Sponsor locationBOSTON, MAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250930141522NAL0005536675001, received 2025-09-30
Industry (business code)523900, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250930141522NAL0005536675001, received 2025-09-30
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250930141522NAL0005536675001, received 2025-09-30
Filing received2025-09-30Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250930141522NAL0005536675001, received 2025-09-30
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250930141522NAL0005536675001, received 2025-09-30
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250930141522NAL0005536675001, received 2025-09-30
Participants, beginning of year253Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250930141522NAL0005536675001, received 2025-09-30
Active participants202Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250930141522NAL0005536675001, received 2025-09-30
Participants, end of year264Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250930141522NAL0005536675001, received 2025-09-30
Participants with an account balance263Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930141522NAL0005536675001, received 2025-09-30
Total assets, beginning of year$12,813,356Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250930141522NAL0005536675001, received 2025-09-30
Total assets, end of year$18,262,213Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930141522NAL0005536675001, received 2025-09-30
Net assets, end of year$18,262,213Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250930141522NAL0005536675001, received 2025-09-30
Total income$7,414,482Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250930141522NAL0005536675001, received 2025-09-30
Net income$5,448,857Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250930141522NAL0005536675001, received 2025-09-30
Employer contributions$1,579,679Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930141522NAL0005536675001, received 2025-09-30
Participant contributions$2,242,689Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250930141522NAL0005536675001, received 2025-09-30
Other contributions (incl. rollovers)$1,344,866Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250930141522NAL0005536675001, received 2025-09-30
Total contributions$5,167,234Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930141522NAL0005536675001, received 2025-09-30
Benefit payments$1,854,225Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250930141522NAL0005536675001, received 2025-09-30
Total expenses (incl. benefit payments)$1,965,625Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250930141522NAL0005536675001, received 2025-09-30
Total administrative expenses$110,278Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930141522NAL0005536675001, received 2025-09-30
Contract administrator fees$55,916Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250930141522NAL0005536675001, received 2025-09-30
Recordkeeping fees$0Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930141522NAL0005536675001, received 2025-09-30
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250930141522NAL0005536675001, received 2025-09-30
Investment advisory and management fees$14,338Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250930141522NAL0005536675001, received 2025-09-30
Administrative expenses excluding investment management$95,940derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930141522NAL0005536675001, received 2025-09-30
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250930141522NAL0005536675001, received 2025-09-30
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250930141522NAL0005536675001, received 2025-09-30
Held in mutual funds$16,887,555Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250930141522NAL0005536675001, received 2025-09-30
Independent auditorKAHN, LITWIN, RENZA & CO., LTDSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250930141522NAL0005536675001, received 2025-09-30

Position = column in the DOL layout for form year 2024. Filing 20250930141522NAL0005536675001, received 2025-09-30.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
MERRILL LYNCH PIERCE FENNER & SMITHCONSULTANT 17 Consulting (pension); 27 Investment advisory (plan); 50 Direct payment from the plan $54,363yes
PRINCIPAL LIFE INSURANCE COMPANYrecordkeeperCONTRACT ADMINISTRATOR 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees $50,090yes
THE MANDMARBLESTONE GROUP LLCCONTRACT ADMINISTRATOR 13 Contract administrator; 50 Direct payment from the plan; 49 Other services; 99 Other fees $5,825yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250930141522NAL0005536675001, received 2025-09-30.

What changed since the 2023 plan year

Figure20232024Change
Total assets$12,813,356$18,262,21342.5%
Participants with a balance2522634.4%
Administrative expenses$87,134$110,27826.6%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$1,381,104$1,579,67914.4%

Prior filing 20240918145738NAL0004507921001, received 2024-09-18; the plan years are contiguous.

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Sponsor name as filed: FORWARD FINANCING LLC; SEC registrant: Forward Financing LLC (CIK 2085240, matched by EIN).