Plan Ledger DOL Form 5500 · updated monthly

First American Resources Company, LLC401(k)

FIRST AMERICAN RESOURCES COMPANY, LLC 401(K) SAVINGS PLAN · MABLETON, GA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

First American Resources Company, LLC reported $54,408 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $2,559 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 0.47% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (1,344th of 2,160), and 9,449th of 13,661 in manufacturing. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,499,155
Participants with balances115
Active participants81
Employer contributions$207,250
Employee contributions$370,062
Employer contribution per active participant$2,559
Average account balance$73,906
Benefits paid to participants$392,671
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 115 accts · $207K emplr
2023$7.3M · 133 accts · $198K emplr
2022$6.4M · 135 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,408
Total administrative$54,408
The First American Resources Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,559
Median for plans this size$1,313
2024$2,559 per active participant
2023$2,501 per active participant
2022$2,148 per active participant

First American Resources Company, 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$33,370
DEFINITI, LLC · Recordkeeping · Loan processing$3,532
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$15
BENNETT THRASHER · Accounting / audit$17,325

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

Recordkeeper by year2
2024Ascensus, Definiti, Transamerica
2023Ascensus, Transamerica

This plan has changed recordkeepers within these filings. If you left First American Resources Company, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,408 · 0.69%
2023$46,446 · 0.68%
2022$31,439 · 0.47%
Similar plansManufacturing · Georgia
Apache Mills, Inc. GA$8.8M · 0.76%
Wallace Graphics, Inc. GA$8.5M · 0.60%
Western Plastics, Inc. GA$8.3M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582594042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.