Plan Ledger DOL Form 5500 · updated monthly

Fcp Groton LLC401(k)

FCP GROTON LLC 401(K) PROFIT SHARING PLAN · MILFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Fcp Groton LLC reported $64,304 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $2,694 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 0.06% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Connecticut (723rd of 1,106), and the 2,433rd of 5,215 in retail trade. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,082,182
Participants with balances383
Active participants246
Employer contributions$662,801
Employee contributions$1,089,490
Employer contribution per active participant$2,694
Average account balance$28,935
Benefits paid to participants$822,755
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 383 accts · $663K emplr
2023$8.7M · 320 accts · $657K emplr
2022$6.0M · 300 accts · $648K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,304
Total administrative$64,304
The Fcp Groton LLC 401(k) match · 2024
Employer contribution per active participant$2,694
Median for plans this size$1,313
2024$2,694 per active participant
2023$2,784 per active participant
2022$2,632 per active participant

Fcp Groton LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
PASI, LLC · Contract administrator$16,528
ENVESTNET RETIREMENT SOLUTIONS, LLC · Investment advisory (plan)$86
MML INVESTORS SERVICES LLCindirect 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$64,304 · 0.65%
2023$32,831 · 0.45%
2022$3,476 · 0.06%
Same employer
Similar plansRetail Trade · Connecticut
Lynch Motors, Inc. CT$13.3M · 0.03%
Bozzuto's, Inc. CT$12.8M · 0.09%
Felix F. Callari, Inc. CT$12.2M · 0.59%
Dan Perkins Subaru, Inc. CT$10.4M · 0.63%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 263955689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.