Plan Ledger DOL Form 5500 · updated monthly

Afg Group Inc401(k)

AFG GROUP, INC. 401(K) PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.54%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Afg Group Inc reported $42,237 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,691 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.50% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,549th of 2,266), and 8,429th of 11,654 in professional & technical services. In 2024, employees put in $6.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,676,061
Participants with balances142
Active participants94
Employer contributions$158,968
Employee contributions$1,042,984
Employer contribution per active participant$1,691
Average account balance$61,099
Benefits paid to participants$483,773
Plan auditUnmodified (clean) audit opinion
AuditorLSWG P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 142 accts · $159K emplr
2023$7.0M · 148 accts · $192K emplr
2022$6.2M · 140 accts · $178K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,032
Investment management$37,205
Total administrative$42,237
The Afg Group Inc 401(k) match · 2024
Employer contribution per active participant$1,691
Median for plans this size$1,313
2024$1,691 per active participant
2023$1,980 per active participant
2022$1,816 per active participant

Afg Group Inc's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$35,290
ADP, INC. · Loan processing · Recordkeeping$6,945

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,237 · 0.54%
2023$34,335 · 0.52%
2022$33,046 · 0.50%
Similar plansProfessional & Technical Services · Virginia
Rid Ventures, LLC VA$8.9M · 0.68%
Loch Harbour Group Inc VA$8.7M · 0.84%
Synchron, LLC VA$8.7M · 0.54%
Maconit, Inc. VA$8.7M · 0.63%
Legal Aid Justice Center VA$8.6M · 0.02%
Three Wire Systems, LLC VA$8.6M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541978935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.