Plan Ledger DOL Form 5500 · updated monthly

Full Circle Fiber Partners401(k)

FULL CIRCLE FIBER PARTNERS 401(K) PLAN · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Full Circle Fiber Partners reported $83,821 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,403 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 0.74% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is the 1,669th-largest of 3,644 plans among Florida employers on file, and 2,928th of 5,337 in construction. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has shrunk from 824 to 709 since 2022.

Plan summary
Net assets, end of year$11,206,637
Participants with balances513
Active participants709
Employer contributions$994,725
Employee contributions$1,730,769
Employer contribution per active participant$1,403
Average account balance$21,845
Benefits paid to participants$1,867,630
Plan auditDisclaimer of opinion
AuditorSKIBBIE CPA INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 513 accts · $995K emplr
2023$8.1M · 417 accts · $822K emplr
2022$5.8M · 333 accts · $603K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,154
Investment management$28,667
Total administrative$83,821
The Full Circle Fiber Partners 401(k) match · 2024
Employer contribution per active participant$1,403
Median for plans this size$1,313
2024$1,403 per active participant
2023$725 per active participant
2022$731 per active participant

Full Circle Fiber Partners's 2024 employer contribution ran above the $1,313 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$55,229
FAIRCOURT PARTNERS LLC · Investment advisory (plan)$28,667

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$83,821 · 0.87%
2023$59,985 · 0.86%
2022$40,710 · 0.74%
Same employer
Similar plansConstruction · Florida
Terry's Electric, Inc. FL$11.9M · 0.44%
Ahs Residential, LLC FL$11.5M · 0.55%
Kustom US, Inc. FL$11.0M · 0.27%
Electric Services, Inc. FL$10.5M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851996889 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.