Plan Ledger DOL Form 5500 · updated monthly

Fringe Benefit Group, Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · AUSTIN, TX · plan year 2024

Employer contribution per participant · 2024
$11,298

Fringe Benefit Group, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $60,082,240 across 268 participant accounts, with employer contributions averaging $11,298 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 935th-largest of 5,688 plans among Texas employers on file, and the 1,457th of 4,798 in finance & insurance. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves; active participation has shrunk from 246 to 209 since 2022.

Plan summary
Net assets, end of year$60,082,240
Participants with balances268
Active participants209
Employer contributions$2,361,363
Employee contributions$1,630,833
Employer contribution per active participant$11,298
Average account balance$224,187
Benefits paid to participants$3,381,656
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.1M · 268 accts · $2.4M emplr
2023$52.6M · 293 accts · $2.4M emplr
2022$45.8M · 282 accts · $2.3M emplr
The Fringe Benefit Group, Inc. 401(k) match · 2024
Employer contribution per active participant$11,298
Median for plans this size$3,635
2024$11,298 per active participant
2023$11,192 per active participant
2022$9,430 per active participant

Fringe Benefit Group, Inc.'s 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 742124394 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.