Plan Ledger DOL Form 5500 · updated monthly

Flournoy Development Group, LLC401(k)

FLOURNOY DEVELOPMENT COMPANY, LLC 401(K) PROFIT SHARING PLAN · COLUMBUS, GA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Flournoy Development Group, LLC reported $99,587 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,918 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 fell from 0.48% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 723rd-largest of 2,160 plans among Georgia employers on file, and the 1,649th of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,927,487
Participants with balances350
Active participants247
Employer contributions$967,772
Employee contributions$1,831,433
Employer contribution per active participant$3,918
Average account balance$76,936
Benefits paid to participants$2,565,854
Plan auditUnmodified (clean) audit opinion
AuditorROBINSON, GRIMES & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 350 accts · $968K emplr
2023$23.7M · 336 accts · $878K emplr
2022$20.6M · 330 accts · $877K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,545
Investment management$11,453
Total administrative$99,587
The Flournoy Development Group, LLC 401(k) match · 2024
Employer contribution per active participant$3,918
Median for plans this size$2,416
2024$3,918 per active participant
2023$3,471 per active participant
2022$3,797 per active participant

Flournoy Development Group, 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$44,545
SYNOVUS TRUST COMPANY · Investment advisory (plan)$43,589
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,453

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$99,587 · 0.39%
2023$101,225 · 0.46%
2022$103,791 · 0.48%
Similar plansConstruction · Georgia
Empire Homes US Corp GA$29.9M · 0.31%
The Winter Construction GA$28.9M · 0.41%
Utility Service Co., Inc. GA$27.4M · 0.37%
Glass Systems, Inc GA$27.2M · 0.00%
Stewart Bros., Inc. GA$25.2M · 0.35%
Smith Douglas Holdings LLC GA$23.7M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 823103114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.