Plan Ledger DOL Form 5500 · updated monthly

Foundation Communities401(k)

FOUNDATION COMMUNITIES 401(K) RETIREMENT PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Foundation Communities reported $87,914 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,951 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 0.52% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,261st-largest of 5,688 plans among Texas employers on file, and the 777th of 2,096 in real estate & leasing. In 2024, the employer put in $1.22 for every $1.00 employees contributed themselves; active participation has grown from 303 to 335 since 2022.

Plan summary
Net assets, end of year$16,817,334
Participants with balances445
Active participants335
Employer contributions$988,485
Employee contributions$808,731
Employer contribution per active participant$2,951
Average account balance$37,792
Benefits paid to participants$1,044,798
Plan auditUnmodified (clean) audit opinion
AuditorCALHOUN, THOMSON & MATZA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 445 accts · $988K emplr
2023$13.8M · 418 accts · $894K emplr
2022$10.7M · 384 accts · $768K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,877
Investment management$837
Total administrative$87,914
The Foundation Communities 401(k) match · 2024
Employer contribution per active participant$2,951
Median for plans this size$2,416
2024$2,951 per active participant
2023$2,710 per active participant
2022$2,534 per active participant

Foundation Communities'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 · 20242
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$87,915
WORLD INVESTMENT ADVISORS, LLCindirect 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$87,914 · 0.57%
2023$67,293 · 0.55%
2022$62,963 · 0.52%
Same employer
Similar plansReal Estate & Leasing · Texas
Numed, Inc. TX$16.5M · 0.06%
Midway Holdings, LP TX$15.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742563260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.