Foundation 2 401(k) match, vesting and fees
What Foundation 2's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | July Business Services LLC | Schedule C ↗ |
| Independent auditor | Forge Financial & Management Consul (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Foundation 2: employer contribution per participant | $759 | |
| Peer median | $1,468 |
| Foundation 2: average balance | $19,590 | |
| Peer median | $37,786 |
| Foundation 2: admin expenses ÷ assets | 1.35% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.3M at the end of plan year 2021 to $2.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 151 | $2.9M | $112K | $759 | 1.35% | Not published | Form 5500 ↗ |
| 2023 | 147 | $2.3M | $95K | $690 | 1.04% | Not published | 5500-SF ↗ |
| 2022 | 153 | $2M | $76K | $657 | 0.94% | Not published | 5500-SF ↗ |
| 2021 | 101 | $2.3M | $51K | $565 | 1.11% | Not published | 5500-SF ↗ |
Common questions
Does Foundation 2 match 401(k) contributions?
The match terms for the Foundation 2 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $112K in employer contributions, about $759 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Foundation 2 401(k) match vested?
The vesting schedule for the Foundation 2 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Foundation 2 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is July Business Services LLC. The plan administrator is Foundation 2, Inc..
I left Foundation 2. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Foundation 2, Inc., (319) 362-1170) or the recordkeeper, July Business Services LLC. The Foundation 2 old 401(k) page lists the contacts from every plan filing. Find an old Foundation 2 401(k)
Data from the public Form 5500 annual reports Foundation 2 filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Foundation 2. Not financial advice. Report a correction · Methodology