Foundever Operating 401(k) match, vesting and fees
What Foundever Operating'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Lbmc, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 277 defined-contribution plans in administrative, support and waste management services with 1,000 to 4,999 participants.
| Foundever Operating: employer contribution per participant | $1,266 | |
| Peer median | $1,484 |
| Foundever Operating: average balance | $32,266 | |
| Peer median | $40,395 |
| Foundever Operating: admin expenses ÷ assets | 0.49% | |
| Peer median | 0.34% |
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 $104M at the end of plan year 2023 to $106M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 10,574 | $106M | $4.1M | $1,266 | 0.49% | Not published | Form 5500 ↗ |
| 2023 | 12,323 | $104M | $3.8M | $1,119 | 0.70% | Not published | Form 5500 ↗ |
Common questions
Does Foundever Operating match 401(k) contributions?
The match terms for the Foundever Operating Corporation 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $4.1M in employer contributions, about $1,266 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Foundever Operating 401(k) match vested?
The vesting schedule for the Foundever Operating Corporation 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Foundever Operating 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Foundever Operating Corporation.
I left Foundever Operating. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Foundever Operating Corporation, (615) 301-7100) or the recordkeeper, Principal Life Insurance Company. The Foundever Operating old 401(k) page lists the contacts from every plan filing. Find an old Foundever Operating 401(k)
Data from the public Form 5500 annual reports Foundever Operating filed with the U.S. Department of Labor (plan years 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 Foundever Operating. Not financial advice. Report a correction · Methodology