Family Support Services of North Florida 401(k) Review & Grade
Family Support Services of North Florida 401(k) Retirement Savings Plan
Jacksonville, FLHealth Care & Social Assistance520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,726Employer $ per active participant
$1,448Employee $ saved per active participant
1.19%Direct admin cost, % of plan assets
$8.5MNet plan assets, end of year
$15,045Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost1.1 / 255th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 5th |
| Employee saving | 32th |
| Peers that auto-enroll | 36% |
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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
- Family Support Services of North Florida put in about $1,726 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (1.19% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $897,688 |
| Participant (employee) contributions | $753,090 |
| Other contributions (incl. rollovers in) | $142,061 |
| Administrative expenses paid from the plan | $89,331 |
| Contract administrator fees | $53,902 |
| Investment advisory & management fees | $35,429 |
| Benefits paid out | $729,743 |
| Net assets, start / end of year | $6.6M / $8.5M |
| Active participants, start / end of year | 514 / 526 |
| Participants with account balances | 562 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moss, Krusick & Associates, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $53,902 reported compensation |
| Regions Bank | $35,440 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910082445NAL0020933457001, received 2025-09-10, EIN 59-3759863, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.