Plan Ledger DOL Form 5500 · updated monthly

Facility Concepts, Inc.401(k)

FACILITY CONCEPTS, INC. 401(K) PLAN · WHITESTOWN, IN · plan year 2024

Reported admin expense ratio · 2024
2.15%

Facility Concepts, Inc. reported $28,116 in plan administrative expenses for 2024: 2.15% of average plan assets, higher than ~90% of peers. 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 4.13% to 2.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,463rd of 1,562), and 13,127th of 13,661 in manufacturing. active participation has grown from 83 to 141 since 2022.

Plan summary
Net assets, end of year$1,353,197
Participants with balances132
Active participants141
Employer contributions—
Employee contributions$116,470
Employer contribution per active participant—
Average account balance$10,251
Benefits paid to participants$162,239
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4M · 132 accts
2023$1.3M · 133 accts · $861 emplr
2022$436K · 102 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,767
Investment management$99
Total administrative$28,116
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 · 20244
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$645
FIRST MERCHANTS BANKindirect comp
RETIREMENT PLAN CONCEPTS & SVCS · Other servicesindirect comp
MORNINGSTAR INVESTMENT MGMT · 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$28,116 · 2.15%
2023$21,335 · 2.51%
2022$17,598 · 4.13%
Similar plansManufacturing · Indiana
Asw, LLC IN$1.5M · 0.95%
Just Packaging, Inc. IN$1.4M · 0.05%
Sms Mill Services, LLC IN$1.4M · 0.93%
General Devices Co., Inc. IN$1.4M · 0.13%
Mastercraft, Inc. IN$1.3M · 1.27%
Capco LLC IN$1.3M · 0.56%
Futurex Industries, Inc. IN$960K · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201185873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.