Plan Ledger DOL Form 5500 · updated monthly

Fgs, LLC401(k)

FGS, LLC 401(K) PROFIT SHARING PLAN · LA PLATA, MD · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Fgs, LLC reported $97,254 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,612 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 0.38% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 632nd-largest of 1,671 plans among Maryland employers on file, and the 5,356th of 11,654 in professional & technical services. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 274 to 335 since 2022.

Plan summary
Net assets, end of year$21,056,035
Participants with balances325
Active participants335
Employer contributions$875,133
Employee contributions$1,825,897
Employer contribution per active participant$2,612
Average account balance$64,788
Benefits paid to participants$3,209,832
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.1M · 325 accts · $875K emplr
2023$18.4M · 304 accts · $750K emplr
2022$16.2M · 197 accts · $712K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,770
Investment management$47,484
Total administrative$97,254
The Fgs, LLC 401(k) match · 2024
Employer contribution per active participant$2,612
Median for plans this size$2,416
2024$2,612 per active participant
2023$2,612 per active participant
2022$2,599 per active participant

Fgs, LLC's 2024 employer contribution ran above the $2,416 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$49,770
MMA SECURITIES · Investment advisory (participants) · Investment advisory (plan)$34,550
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,935

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$97,254 · 0.49%
2023$93,510 · 0.54%
2022$70,093 · 0.38%
Same employer
Similar plansProfessional & Technical Services · Maryland
Lcg Inc. MD$21.3M · 0.16%
Pessin Katz Law, PA MD$21.2M · 0.41%
Excet, Inc. MD$21.0M · 0.33%
Encompass LLC MD$20.9M · 0.27%
Ops Consulting, LLC MD$20.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201364435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.