FGF LLC 401(k) Review & Grade
FGF LLC
Brownsburg, INManufacturing1,024 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,438Employer $ per active participant
$2,469Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$72.6MNet plan assets, end of year
$66,524Average balance per account
Score breakdown
- Employer generosity14.6 / 5029th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 46th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($135,530 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- FGF put in about $1,438 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,473,088 |
| Participant (employee) contributions | $2,529,769 |
| Other contributions (incl. rollovers in) | $327,170 |
| Administrative expenses paid from the plan | $176,344 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $11,554 |
| Other admin expenses | $40,467 |
| Benefits paid out | $11,399,143 |
| Net assets, start / end of year | $62.8M / $72.6M |
| Active participants, start / end of year | 693 / 1,356 |
| Participants with account balances | 1,091 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $120,759 reported compensation |
| Kreischer Miller | $40,467 reported compensation |
| Strategic Advisors, Inc. | $11,522 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008173823NAL0006197825001, received 2025-10-08, EIN 35-1134102, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.