Plan Snapshot
- Plan Sponsor: First Communities Management, INC.
- Sponsor EIN: 581851565
- Sponsor Address: 1200 LAKE HEARN DR, STE 200, ATLANTA, GA, 30319
- Plan Type: 401(k)
- Total Participants: 852
- Total Assets: $76,835
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 | 852 | $76,835 | $12,557 | $20,695 |
| 2023 | 782 | $16.9M | $702,312 | $1.2M |
| 2022 | 1,002 | $13.1M | $667,938 | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $41,335 | — | $41,335 |
| MMA SECURITIES LLC | INVESTMENT ADVISORY | — | $23,470 | $23,470 |
| PENSION FINANCIAL SERVICES, INC. | CONTRACT ADMINISTRATOR | $4,576 | $3,999 | $8,575 |
| FRAZIER & DEETER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — INVESTMENT ADVISORY
- FRAZIER & DEETER — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,380
- Estimated Expense Ratio: 95.503% 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 | $45,910 | — | $45,910 | — | — |
| 2023 | $160,667 | — | $160,667 | — | — |
| 2022 | $176,029 | — | $165,089 | — | $10,940 |