Plan Ledger DOL Form 5500 · updated monthly

Management Fc, LLC401(k)

FLAGSHIP COMMUNITIES 401(K) PLAN · ERLANGER, KY · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Management Fc, LLC reported $12,614 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $922 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 0.07% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Kentucky (769th of 871), and 1,836th of 2,096 in real estate & leasing. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 322 to 211 since 2022.

Plan summary
Net assets, end of year$2,183,397
Participants with balances110
Active participants211
Employer contributions$194,604
Employee contributions$376,849
Employer contribution per active participant$922
Average account balance$19,849
Benefits paid to participants$121,749
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 110 accts · $195K emplr
2023$1.5M · 139 accts · $163K emplr
2022$815K · 47 accts · $117K emplr
The Management Fc, LLC 401(k) match · 2024
Employer contribution per active participant$922
Median for plans this size$1,313
2024$922 per active participant
2023$830 per active participant
2022$363 per active participant

Management Fc, LLC's 2024 employer contribution ran below 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 · 20243
CREATIVE RETIREMENT SYSTEMS · Contract administrator$5,780
EMPOWER ADVISORY GROUP, LLC · Investment management$997

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$12,614 · 0.69%
2023$1,817 · 0.16%
2022$661 · 0.07%
Same employer
Similar plansReal Estate & Leasing · Kentucky
Kona Ice, Inc KY$4.4M · 1.12%
Pmr Companies LLC KY$3.0M · 1.52%
Envision Contractors, LLC KY$1.7M · 0.45%
Generation Tux, Inc. KY$815K · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 852697010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.