Plan Ledger DOL Form 5500 · updated monthly

Fsg, Inc.401(k)

FSG, INC. 401(K) PLAN · BOSTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Fsg, Inc. reported $6,171 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,134 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 0.06% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (1,858th of 2,726), and 7,840th of 11,654 in professional & technical services. In 2023, employees put in $6.44 for every $1.00 the employer contributed; active participation has shrunk from 78 to 59 since 2022.

Plan summary
Net assets, end of year$10,518,059
Participants with balances119
Active participants59
Employer contributions$125,926
Employee contributions$810,627
Employer contribution per active participant$2,134
Average account balance$88,387
Benefits paid to participants$1,070,746
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 99 accts · $132K emplr
2023$10.5M · 119 accts · $126K emplr
2022$8.7M · 132 accts · $131K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,171
Total administrative$6,171
The Fsg, Inc. 401(k) match · 2023
Employer contribution per active participant$2,134
Median for plans this size$1,308
2024$2,239 per active participant
2023$2,134 per active participant
2022$1,684 per active participant

Fsg, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Loan processing$6,173

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$5,269 · 0.05%
2023$6,171 · 0.06%
2022$5,461 · 0.06%
Similar plansProfessional & Technical Services · Massachusetts
Etq, LLC. MA$10.9M · 0.58%
Dgi Communications, LLC MA$10.6M · 0.44%
Matter Communications, Inc. MA$10.5M · 0.59%
Schumacher Company, Inc. MA$10.3M · 0.32%
Medically Home Group Inc MA$10.3M · 0.51%
Complete Payroll Solutions MA$10.2M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202776974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.