Plan Ledger DOL Form 5500 · updated monthly

Fayette Resources, Inc.401(k)

FAYETTE RESOURCES, INC. 401(K) PLAN · UNIONTOWN, PA · plan year 2024

Reported admin expense ratio · 2024
1.05%

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

Fayette Resources, Inc. reported $76,369 in plan administrative expenses for 2024: 1.05% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,070 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 0.95% to 1.05%. 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 Pennsylvania (2,475th of 3,651), and 6,283rd of 11,911 in health care & social assistance. In 2024, employees put in $1.18 for every $1.00 the employer contributed; active participation has shrunk from 747 to 623 since 2022.

Plan summary
Net assets, end of year$8,412,259
Participants with balances273
Active participants623
Employer contributions$666,893
Employee contributions$787,598
Employer contribution per active participant$1,070
Average account balance$30,814
Benefits paid to participants$324,009
Plan auditUnmodified (clean) audit opinion
AuditorMCCLURE & WOLF, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 273 accts · $667K emplr
2023$6.1M · 313 accts · $511K emplr
2022$4.2M · 267 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,517
Investment management$70,852
Total administrative$76,369
The Fayette Resources, Inc. 401(k) match · 2024
Employer contribution per active participant$1,070
Median for plans this size$1,313
2024$1,070 per active participant
2023$690 per active participant
2022$622 per active participant

Fayette Resources, Inc.'s 2024 employer contribution ran below 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$9,205

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$76,369 · 1.05%
2023$54,853 · 1.06%
2022$38,256 · 0.95%
All plans at this employer2
FAYETTE RESOURCES, INC TAX SHELTERED ANNUITY PLAN403(b)
FAYETTE RESOURCES, INC. 401(K) PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
The Shadowfax Corporation PA$8.4M · 0.76%
The Bradley Center PA$8.3M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251660280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.