Plan Snapshot
- Plan Sponsor: Fgs, LLC
- Sponsor EIN: 201364435
- Sponsor Address: 113 HOWARD STREET, LA PLATA, MD, 20646
- Plan Type: 401(k)
- Total Participants: 335
- Total Assets: $21.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 335 | $21.1M | $875,133 | $1.8M |
| 2023 | 287 | $18.4M | $749,510 | $1.7M |
| 2022 | 274 | $16.2M | $712,112 | $1.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $49,770 | — | $49,770 |
| MMA SECURITIES | INVESTMENT ADVISOR | $34,550 | — | $34,550 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $12,935 | — | $12,935 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MMA SECURITIES — INVESTMENT ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,255
- Estimated Expense Ratio: 0.462% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $97,254 | $47,484 | — | — | — |
| 2023 | $93,510 | $31,656 | $300 | $19,425 | — |
| 2022 | $70,093 | $2,832 | — | — | — |