Plan Ledger DOL Form 5500 · updated monthly

Fgs, Inc.403(b)

FGS, INC. D/B/A GOOD SHEPHERD COMMUNITIES 403(B) PLAN · BINGHAMTON, NY · plan year 2023

Reported admin expense ratio · 2023
0.45%

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

Fgs, Inc. reported $38,707 in plan administrative expenses for 2023: 0.45% of average plan assets, below the peer median. Employer contributions averaged $275 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 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,759th of 5,648), and 6,056th of 11,911 in health care & social assistance. In 2023, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,008,043
Participants with balances272
Active participants514
Employer contributions$141,285
Employee contributions$460,592
Employer contribution per active participant$275
Average account balance$33,118
Benefits paid to participants$1,197,857
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON LAUDER & SAVIDGE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 271 accts · $164K emplr
2023$9.0M · 272 accts · $141K emplr
2022$8.1M · 282 accts · $127K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,356
Trustee / custodial$34,351
Total administrative$38,707
Employer contributions to the Fgs, Inc. plan · 2023
Employer contribution per active participant$275
Median for plans this size$1,308
2024$306 per active participant
2023$275 per active participant
2022$264 per active participant

Fgs, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processingindirect comp
NBT BANCORP NA · Trustee$38,629

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$42,603 · 0.48%
2023$38,707 · 0.45%
2022$42,999 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · New York
Midwest Recover-Care NY$9.1M · 0.97%
Greatcare, Inc. NY$9.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161256975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.