Fcci Services, Inc. 401(k) Review & Grade
Fcci Services, Inc. 401(k) Profit Sharing Plan
Sarasota, FLFinance & Insurance872 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,874Employer $ per active participant
$10,853Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$253.8MNet plan assets, end of year
$219,365Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 80th |
| Employee saving | 79th |
| Peers that auto-enroll | 62% |
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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
- Fcci Services put in about $9,874 per active participant, more than the typical peer ($3,606). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $8,605,214 |
| Participant (employee) contributions | $9,458,790 |
| Other contributions (incl. rollovers in) | $3,158,857 |
| Administrative expenses paid from the plan | $177,475 |
| Other admin expenses | $177,475 |
| Benefits paid out | $22,140,920 |
| Net assets, start / end of year | $224.5M / $253.8M |
| Active participants, start / end of year | 862 / 881 |
| Participants with account balances | 1,157 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P. C. |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $80,475 reported compensation |
| The Vanguard Group, Inc. | $56,105 reported compensation |
| BKS Retirement Services | $43,465 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014100030NAL0003560496001, received 2025-10-14, EIN 59-1968027, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.