Department of Labor filing

FRIENDSHIP FOUNDATION

FRIENDSHIP FOUNDATION 401(K) PLAN · For the plan year ended Jun 30, 2025

Public filing 2024 · received Feb 10, 2026Verified current terms Not available

Plan at a glance

How good does the filing look?

31filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$732

Reported employer contributions per active participant.

Higher than about 9% of comparable plans

#People in the filing

1,009

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$41 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 84% of comparable plans

↗Investment performance

Not available

Plan assets changed 26.4%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202431out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions9th percentileTypical peer $2,614 · based on 146 comparable plans

Lower reported administrative expense84th percentileTypical peer $101 · based on 144 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Jun 30, 2025, FRIENDSHIP FOUNDATION reported $738,484 in employer contributions across the plan and 1,009 active participants. That works out to $732 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy83%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 2.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 27.4%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context31/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $738,484
Participant contributions: $2,067,858
Other contributions: $188,009
Employer share of reported contributions: 26.3%
Beginning assets: $13,834,676
Ending assets: $17,486,442
Ending net assets: $17,486,442
Ending liabilities: $0
Total income: $5,030,112
Total expenses: $1,378,346
Administrative expenses: $48,673
Participant loans: $313,198

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$713

2023

$550

2024

$732

Plan-paid administrative expenses per participant

2022

$57

2023

$42

2024

$41

Active participants

2022

621

2023

955

2024

1,009

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$732	1,009	17.5M	20260210130702NAL0001959987001
2023	$550	955	13.8M	20250128133350NAL0007986291001
2022	$713	621	10.6M	20240216125348NAL0002169986001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.8%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 541427948-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jul 1, 1994
Industry: Management of companies
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2S2E3D2G2J2K2F2T

Current plan terms

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Filing ACK_ID20260210130702NAL0001959987001

Data sourceDOL Form 5500 bulk data ↗

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