Facilities Management Services401(k)
FACILITIES MANAGEMENT SERVICES 401(K) RETIREMENT PLAN · LOUISVILLE, KY · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Facilities Management Services reported $29,450 in plan administrative expenses for 2024: 1.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $369 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 1.14% to 1.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Kentucky (760th of 871), and 1,873rd of 2,534 in administrative & support services. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has shrunk from 646 to 335 since 2022.
Facilities Management Services'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 611349955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.