Freedom Solutions Group Llc 401(k) Plan: Login, Facts & Contact Information

Freedom Solutions Group Llc 401(k) Plan Facts

Plan name
LITERA MICROSYSTEMS 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FREEDOM SOLUTIONS GROUP LLC
Participants
569 (400 active employees)
Former employees with a balance
161
Plan assets
$42,694,716 at Dec 31, 2024
Average account balance
$82,422 across 518 accounts
Employer contributions
$2,231,512 in plan year 2024 (27% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
May 1, 1997
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $8.24 million went into the plan in contributions, $2.23 million of it from the employer (27%).
  • $5.89 million was paid out to participants.
  • Investment and other income added $4.85 million.
  • Administrative expenses were $127,673, about $246 per account.

How the Freedom Solutions Group Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019169$8.91 million$557,003$1.12 million
2020200$13.9 million$787,383$1.29 million
2021253$21.5 million$1.03 million$1.69 million
2022356$23.6 million$1.60 million$3.38 million
2023438$35.7 million$2.04 million$4.19 million
2024569$42.7 million$2.23 million$5.89 million

Freedom Solutions Group Llc 401(k) Contact Information

Phone
630-310-5905
Mailing address
625 WEST ADAMS STREET, CHICAGO IL 60661
Plan sponsor
FREEDOM SOLUTIONS GROUP LLC
Employer identification number (EIN)
36-4156327
Plan number
001

Questions about the Freedom Solutions Group Llc 401(k)

Does Freedom Solutions Group Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.23 million, 27% of all contributions.

Does the Freedom Solutions Group Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Freedom Solutions Group Llc 401(k) plan?

569 participants at the start of plan year 2024, 400 of them active employees, and 161 former employees who still had money in the plan.

What is the average 401(k) balance at Freedom Solutions Group Llc?

About $82,422 per account: $42.7 million in plan assets across 518 accounts with a balance at the end of plan year 2024.

Who manages the Freedom Solutions Group Llc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Freedom Solutions Group Llc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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