Plan Ledger DOL Form 5500 · updated monthly

Forfeiture Support Associates, LLC dba Fsa Federal401(k)

FORFEITURE SUPPORT ASSOCIATES, LLC SAVINGS PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Forfeiture Support Associates, LLC dba Fsa Federal reported $120,586 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $1,226 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 0.12% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 317th-largest of 2,266 plans among Virginia employers on file, and the 182nd of 2,534 in administrative & support services. In 2024, employees put in $3.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$87,525,773
Participants with balances1,393
Active participants996
Employer contributions$1,221,282
Employee contributions$4,488,589
Employer contribution per active participant$1,226
Average account balance$62,833
Benefits paid to participants$8,627,448
Plan auditUnmodified (clean) audit opinion
AuditorBEHRENS & BANKS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$87.5M · 1,393 accts · $1.2M emplr
2023$80.5M · 1,422 accts · $1.2M emplr
2022$70.4M · 1,504 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,301
Investment management$71,285
Total administrative$120,586
The Forfeiture Support Associates, LLC dba Fsa Federal 401(k) match · 2024
Employer contribution per active participant$1,226
Median for plans this size$3,635
2024$1,226 per active participant
2023$1,392 per active participant
2022$1,433 per active participant

Forfeiture Support Associates, LLC dba Fsa Federal's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20243
RBC WEALTH MANAGEMENT · Investment advisory (plan)$60,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$49,301
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,285

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$120,586 · 0.14%
2023$118,934 · 0.16%
2022$99,190 · 0.12%
Same employer
Similar plansAdministrative & Support Services · Virginia
Mag Ds Corp. VA$114.0M · 0.22%
Guidepoint Security, LLC VA$100.6M · 0.28%
Lakeland Tours, LLC VA$91.0M · 0.15%
Mvm, Inc. VA$83.2M · 0.54%
Mbo Partners VA$82.0M
Lakeland Holdings, LLC VA$74.5M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 510476024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.