First Communities Management, Inc. 401(k) Review & Grade
First Communities Management, Inc. 401(k) Plan
Atlanta, GAReal Estate & Rental767 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$16Employer $ per active participant
$27Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$76,835Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.1 / 504th percentile for employer $ per participant
- Low cost5.1 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 21th |
| Employee saving | 0th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- First Communities Management put in about $16 per active participant, below the typical peer ($1,279). 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.
- Direct plan expenses (0.54% 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 | $12,557 |
| Participant (employee) contributions | $20,695 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $45,910 |
| Contract administrator fees | $45,910 |
| Benefits paid out | $1,800,324 |
| Net assets, start / end of year | $16.9M / $76,835 |
| Active participants, start / end of year | 682 / 852 |
| Participants with account balances | 11 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $41,335 reported compensation |
| Mma Securities LLC | $23,470 reported compensation |
| Pension Financial Services, Inc. | $8,575 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008095239NAL0003174131001, received 2025-10-08, EIN 58-1851565, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.