City Facilities Management (US) LLC 401(k) Review & Grade
City Facilities Management (US) LLC 401(k) Plan
Jacksonville, FLOther Services648 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,953Employer $ per active participant
$6,730Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$45.4MNet plan assets, end of year
$47,993Average balance per account
Score breakdown
- Employer generosity40.5 / 5081th percentile for employer $ per participant
- Low cost12.1 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 49th |
| Employee saving | 85th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- City Facilities Management (US) put in about $2,953 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,915,004 |
| Participant (employee) contributions | $4,364,452 |
| Other contributions (incl. rollovers in) | $608,724 |
| Administrative expenses paid from the plan | $104,380 |
| Contract administrator fees | $104,380 |
| Benefits paid out | $8,967,758 |
| Net assets, start / end of year | $41.7M / $45.4M |
| Active participants, start / end of year | 689 / 608 |
| Participants with account balances | 945 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $158,849 reported compensation |
| First Party Administrator, LLC | $34,976 reported compensation |
| Assurance Dimensions | $6,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821063916NAL0001964515001, received 2025-08-21, EIN 81-0884780, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.