Plan Ledger DOL Form 5500 · updated monthly

Federal Management Systems Inc.401(k)

FEDERAL MANAGEMENT SYSTEMS INC. 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Federal Management Systems Inc. reported $57,850 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $196 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 3 years on file its reported administrative ratio has held roughly steady near 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in District of Columbia (509th of 618), and 9,357th of 11,654 in professional & technical services. In 2024, employees put in $40.93 for every $1.00 the employer contributed; active participation has shrunk from 69 to 60 since 2022.

Plan summary
Net assets, end of year$6,107,309
Participants with balances115
Active participants60
Employer contributions$11,767
Employee contributions$481,621
Employer contribution per active participant$196
Average account balance$53,107
Benefits paid to participants$416,069
Plan auditUnmodified (clean) audit opinion
AuditorUHY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 115 accts · $12K emplr
2023$5.4M · 126 accts · $7K emplr
2022$4.8M · 137 accts · $10K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,554
Investment management$14,696
Audit (IQPA)$25,600
Total administrative$57,850
The Federal Management Systems Inc. 401(k) match · 2024
Employer contribution per active participant$196
Median for plans this size$1,313
2024$196 per active participant
2023$121 per active participant
2022$145 per active participant

Federal Management Systems Inc.'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 · 20244
UHY LLP · Accounting / audit$25,600
POINTOAK RETIREMENT ADVISORS LLC · Investment advisory (plan)$14,441
EMPOWER ADVISORY GROUP, LLC · Investment management$255

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$57,850 · 1.01%
2023$35,861 · 0.70%
2022$53,055 · 0.98%
Similar plansProfessional & Technical Services · District of Columbia
Freethink Media DC$6.2M · 0.29%
Patrona Corporation DC$6.2M · 0.42%
Quadrant Strategies LLC DC$6.1M · 0.50%
B. Frank Joy LLC DC$5.5M · 0.83%
Telesolv Consulting, Inc. DC$5.4M · 1.31%
Interfolio, Inc. DC$5.0M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521708090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.