Plan Ledger DOL Form 5500 · updated monthly

First Co.401(k)

FIRST CO. 401(K) RETIREMENT PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

First Co. reported $69,843 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,337 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 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,704th-largest of 5,688 plans among Texas employers on file, and the 5,010th of 13,661 in manufacturing. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 454 to 505 since 2022.

Plan summary
Net assets, end of year$25,826,479
Participants with balances426
Active participants505
Employer contributions$675,366
Employee contributions$1,238,305
Employer contribution per active participant$1,337
Average account balance$60,626
Benefits paid to participants$2,285,358
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.8M · 426 accts · $675K emplr
2023$23.6M · 401 accts · $585K emplr
2022$21.0M · 391 accts · $548K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,380
Investment management$62,344
Total administrative$69,843
The First Co. 401(k) match · 2024
Employer contribution per active participant$1,337
Median for plans this size$2,416
2024$1,337 per active participant
2023$1,283 per active participant
2022$1,207 per active participant

First Co.'s 2024 employer contribution ran below 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 · 20245
NATIONWIDE · Recordkeeping · Custodial (securities)$30,967
PROACCOUNT · Investment advisory (participants)$62,344
CECILCO · Pension consulting · Contract administrator$8,242
PROSPERA FINANCIAL SERVICES, INC · Investment advisory (plan)indirect comp
ROBERT CECIL JR · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$69,843 · 0.28%
2023$66,831 · 0.30%
2022$65,688 · 0.29%
Same employer
Similar plansManufacturing · Texas
Virtex Enterprises LP TX$26.4M · 0.49%
Continental Carbon Company TX$26.3M · 0.22%
Vetoquinol USA, Inc. TX$25.6M · 0.04%
Glasfloss Industries, Inc. TX$25.5M · 0.31%
Reata Pharmaceuticals, Inc. TX$25.3M · 0.14%
Natgasoline LLC TX$25.2M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 751232784 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.