Plan Snapshot
- Plan Sponsor: Fmg, INC.
- Sponsor EIN: 751774792
- Sponsor Address: 6100 W. PLANO PKWY., PLANO, TX, 75093
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $22.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 295 | $22.5M | $264,875 | $1.8M |
| 2023 | 229 | $18.9M | $221,641 | $1.5M |
| 2022 | 191 | $15.8M | $205,598 | $1.4M |
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 |
|---|---|---|---|---|
| WORTH ASSET MANAGEMENT LLC | ADVISOR | $56,168 | — | $56,168 |
| TRANSAMERICA FINANCIAL LIFE INS CO | RECORDKEEPER | $7,123 | — | $7,123 |
| GARRETY AND ASSOCIATES CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS CO — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,291
- Estimated Expense Ratio: 0.281% 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 | $63,291 | $56,168 | — | — | — |
| 2023 | $58,847 | $51,447 | — | — | — |
| 2022 | $73,206 | $49,794 | $23,274 | — | — |