Plan Ledger DOL Form 5500 · updated monthly

The Fort Miller Group, Inc.401(k)

THE FORT MILLER GROUP INCENTIVE SAVINGS PLAN · SCHUYLERVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

The Fort Miller Group, Inc. reported $87,066 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,675 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 0.107% to 0.112%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 939th-largest of 5,648 plans among New York employers on file, and the 226th of 786 in management of companies. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 426 to 505 since 2022.

Plan summary
Net assets, end of year$81,366,761
Participants with balances574
Active participants505
Employer contributions$1,351,078
Employee contributions$3,166,253
Employer contribution per active participant$2,675
Average account balance$141,754
Benefits paid to participants$6,038,498
Plan auditUnmodified (clean) audit opinion
AuditorTEAL BECKER & CHIARMONTE, CPAS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$81.4M · 574 accts · $1.4M emplr
2023$73.7M · 540 accts · $1.2M emplr
2022$65.8M · 513 accts · $950K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,535
Total administrative$87,066
The The Fort Miller Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,675
Median for plans this size$3,635
2024$2,675 per active participant
2023$2,658 per active participant
2022$2,230 per active participant

The Fort Miller Group, Inc.'s 2024 employer contribution ran below the $3,635 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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$37,535
MERRILL LYNCH · Consulting$40,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$87,066 · 0.11%
2023$83,421 · 0.12%
2022$78,715 · 0.11%
All plans at this employer2
THE FORT MILLER GROUP INCENTIVE SAVINGS PLAN401(k)
THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 141459087 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.