Plan Ledger DOL Form 5500 · updated monthly

F.G. Healthcare Properties, LLC401(k)

F.G. HEALTHCARE PROPERTIES, LLC 401(K) PLAN · FRANKLIN, TN · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

F.G. Healthcare Properties, LLC reported $7,369 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $530 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 0.37% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (1,118th of 1,496), and 8,308th of 11,911 in health care & social assistance. In 2024, employees put in $3.59 for every $1.00 the employer contributed; active participation has grown from 153 to 176 since 2022.

Plan summary
Net assets, end of year$4,342,204
Participants with balances124
Active participants176
Employer contributions$93,323
Employee contributions$334,572
Employer contribution per active participant$530
Average account balance$35,018
Benefits paid to participants$663,138
Plan auditUnmodified (clean) audit opinion
AuditorSOLOMON AND NISLOW, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 124 accts · $93K emplr
2023$4.1M · 133 accts · $82K emplr
2022$3.4M · 123 accts · $47K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,369
Total administrative$7,369
The F.G. Healthcare Properties, LLC 401(k) match · 2024
Employer contribution per active participant$530
Median for plans this size$1,313
2024$530 per active participant
2023$445 per active participant
2022$307 per active participant

F.G. Healthcare Properties, LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
THIRD PARTY ADMINISTRATORS, INC. · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$7,369 · 0.17%
2023$7,203 · 0.19%
2022$13,999 · 0.37%
Similar plansHealth Care & Social Assistance · Tennessee
Advancing Practitioners TN$4.9M · 0.48%
Life Bridges, Inc. TN$4.6M · 2.00%
Chattanooga Cares, Inc. TN$4.3M · 0.91%
Harber-Laman, LLC TN$4.3M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621775277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.