Fgs, LLC 401(K) Profit Sharing Plan — Form 5500 plan (Fgs, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Fgs, LLC 401(K) Profit Sharing Plan is a benefit plan reported by Fgs, LLC under EIN 20-1364435 and plan number 001. The latest loaded filing year is 2023. The filing reports 274 participants and $18,427,436 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$18.4MPlan net assets, end of year$18,427,436
Participants274Covered participants reported
Assets / participant$67.3KComputed: assets ÷ participants$67,253 (computed)
Provider compensation$93.5K4 Schedule C provider row(s)$93,509
Plan sponsor
Fgs, LLC
EIN
20-1364435
Plan number
001
Plan type
2
Location
La Plata, MD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023274H, C20240731144854NAL0021721153001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$18.4M total assets
Net assets$18.4MLiabilities$0
Money in vs. money out
Total income / additions$5.6M
Total expenses$3.4M
Benefits paid / distributions$3.3M
Contributions
Employer$749.5K
Participant$1.7M
Full reported line items

Net assets

Total assets (EOY)
$18,427,436
Total liabilities (EOY)
$0
Net assets (EOY)
$18,427,436
Net assets (BOY)
$16,245,544

Income & contributions

Employer contributions
$749,510
Participant contributions
$1,682,918
Total contributions
$2,954,072
Total income / additions
$5,606,717

Expenses & distributions

Benefits paid
$3,331,315
Administrative expenses
$93,510
Total expenses
$3,424,825
Net increase / (decrease)
$2,181,892
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 31%Participant 69%
Total expenses ÷ net assets19%Computed ratio
Benefits paid ÷ total income59%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$42,429$02023
Mma Securities LLCADVISOR\INVESTMENT ADV$23,323not reported in the loaded dataset2023
Baker Tilly Us LlpACCOUNTANT\AUDITOR$19,425not reported in the loaded dataset2023
Strategic Advisors, Inc.ADVISOR$8,332not reported in the loaded dataset2023

Related Form 5500 pages