# First Communities Management, INC. 401(k) Plan
Source: https://planprovider.pro/companies/first-communities-management-inc-401k-plan

> First Communities Management, INC.'s 401(k) plan: 852 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lpl-financial-llc) — INVESTMENT ADVISORY

- [FRAZIER & DEETER](https://planprovider.pro/provider/frazier-and-deeter-llc) — 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|

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