Plan Ledger DOL Form 5500 · updated monthly

Fg Group Holdings, Inc.401(k)

BALLANTYNE STRONG 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Fg Group Holdings, Inc. reported $78,584 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,563 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 fell from 0.75% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 975th-largest of 2,005 plans among North Carolina employers on file, and 7,798th of 13,661 in manufacturing. In 2024, employees put in $3.10 for every $1.00 the employer contributed; active participation has grown from 99 to 123 since 2022.

Plan summary
Net assets, end of year$12,759,973
Participants with balances214
Active participants123
Employer contributions$192,244
Employee contributions$596,242
Employer contribution per active participant$1,563
Average account balance$59,626
Benefits paid to participants$1,293,314
Plan auditUnmodified (clean) audit opinion
AuditorUHY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 214 accts · $192K emplr
2023$11.7M · 215 accts · $225K emplr
2022$11.3M · 236 accts · $185K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,069
Investment management$30,066
Audit (IQPA)$3,450
Trustee / custodial$1,999
Total administrative$78,584
The Fg Group Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,563
Median for plans this size$2,416
2024$1,563 per active participant
2023$2,084 per active participant
2022$1,870 per active participant

Fg Group Holdings, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$43,069
BRIDGES INVESTMENT MANAGEMENT · Investment advisory (plan)$30,066
UHY, LLP · Accounting / audit$3,450

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$78,584 · 0.64%
2023$77,835 · 0.68%
2022$94,285 · 0.75%
Similar plansManufacturing · North Carolina
Fairfield Chair Company NC$12.9M · 0.62%
C.R. Onsrud, Inc. NC$12.9M · 0.31%
J.R. Cole Industries, Inc. NC$12.8M · 0.50%
Oiles America Corporation NC$12.7M · 0.51%
Klingspor Abrasives, Inc. NC$12.5M · 0.38%
Spuntech Industries, Inc. NC$12.3M · 0.07%
Godwin Manufacturing, Inc. NC$12.2M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470587703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.