Plan Ledger DOL Form 5500 · updated monthly

Foy & Associates, PC401(k)

FOY & ASSOCIATES, PC 401K PROFIT SHARING PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Foy & Associates, PC reported $16,435 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,187 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 0.30% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Georgia (1,189th of 2,160), and 7,715th of 11,654 in professional & technical services. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,928,766
Participants with balances118
Active participants152
Employer contributions$484,407
Employee contributions$990,333
Employer contribution per active participant$3,187
Average account balance$92,617
Benefits paid to participants$526,049
Plan auditUnmodified (clean) audit opinion
AuditorKELLEY SAMONS TOOL & ELLISON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 118 accts · $484K emplr
2023$8.6M · 121 accts · $427K emplr
2022$5.8M · 108 accts · $313K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$225
Investment management$16,210
Total administrative$16,435
The Foy & Associates, PC 401(k) match · 2024
Employer contribution per active participant$3,187
Median for plans this size$1,313
2024$3,187 per active participant
2023$2,700 per active participant
2022$2,117 per active participant

Foy & Associates, PC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$7,772
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$7,285
RETIREMENT PLAN ADMINISTRATORS, LLC · Recordkeeping · Loan processing$800
WILSHIRE ASSOCIATES INC. · Investment advisory (plan)$353

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

Recordkeeper by year2
2024John Hancock, RETIREMENT PLAN ADMINISTRATORS, LLC, Transamerica
2023RETIREMENT PLAN ADMINISTRATORS, LLC, Transamerica

This plan has changed recordkeepers within these filings. If you left Foy & Associates, PC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$16,435 · 0.17%
2023$23,360 · 0.32%
2022$17,971 · 0.30%
Same employer
Similar plansProfessional & Technical Services · Georgia
Smart Source, LLC GA$11.1M · 0.52%
Datum Software GA$11.1M · 0.41%
Bennett & Pless, Inc. GA$11.0M · 0.24%
Itineris NA, Inc. GA$10.9M · 0.49%
Ihrc, Inc. GA$10.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383687296 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.