Full Circle Fiber Partners 401(k) Review & Grade
Full Circle Fiber Partners 401(k) Plan
Clearwater, FLConstruction935 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,064Employer $ per active participant
$1,851Employee $ saved per active participant
0.87%Direct admin cost, % of plan assets
$11.2MNet plan assets, end of year
$21,845Average balance per account
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 9th |
| Employee saving | 20th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Full Circle Fiber Partners put in about $1,064 per active participant, below the typical peer ($1,672). 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 (0.87% 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 | $994,725 |
| Participant (employee) contributions | $1,730,769 |
| Other contributions (incl. rollovers in) | $121,342 |
| Administrative expenses paid from the plan | $83,821 |
| Contract administrator fees | $55,154 |
| Investment advisory & management fees | $28,667 |
| Benefits paid out | $1,867,630 |
| Net assets, start / end of year | $8.1M / $11.2M |
| Active participants, start / end of year | 1,161 / 709 |
| Participants with account balances | 513 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Skibbie CPA Inc. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $55,229 reported compensation |
| Faircourt Partners LLC | $28,667 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112402NAL0002745905001, received 2025-10-14, EIN 85-1996889, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.