Plan Ledger DOL Form 5500 · updated monthly

Fn America LLC401(k)

EMPLOYEES' SAVINGS PLAN OF FN AMERICA, LLC · MCLEAN, VA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Fn America LLC reported $180,849 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $4,987 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 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 285th-largest of 2,266 plans among Virginia employers on file, and the 1,907th of 13,661 in manufacturing. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$100,393,091
Participants with balances693
Active participants527
Employer contributions$2,628,360
Employee contributions$4,452,484
Employer contribution per active participant$4,987
Average account balance$144,867
Benefits paid to participants$14,159,247
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$100.4M · 693 accts · $2.6M emplr
2023$94.7M · 739 accts · $2.6M emplr
2022$82.3M · 693 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$180,549
Total administrative$180,849
The Fn America LLC 401(k) match · 2024
Employer contribution per active participant$4,987
Median for plans this size$3,635
2024$4,987 per active participant
2023$4,355 per active participant
2022$4,207 per active participant

Fn America LLC's 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$180,453
PAUL FAISON S WINBORNE · Trustee · Legal$300
INSTITUTIONAL INVESTMENT CONSULTING · Investment advisory (plan)indirect comp

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$180,849 · 0.19%
2023$166,470 · 0.19%
2022$163,862 · 0.18%
Same employer
Similar plansManufacturing · Virginia
Venture Global Lng, Inc VA$109.7M · 0.03%
Vsc Fire & Security, Inc. VA$107.8M · 0.34%
Valley Proteins, LLC VA$101.4M · 0.22%
Chg Group, Inc. VA$96.8M · 0.05%
Global Tellink Corporation VA$95.4M · 0.27%
Strongwell Corporation VA$86.7M · 0.10%
Trident Maritime Systems VA$86.2M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202006285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.