Femg Holdings, LLC 401(k) Review & Grade
Femg Holdings, LLC 401(k) Plan
Land O Lakes, FLHealth Care & Social Assistance584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,640Employer $ per active participant
$3,587Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$20.1MNet plan assets, end of year
$26,516Average balance per account
Score breakdown
- Employer generosity32.1 / 5064th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 20th |
| Employee saving | 63th |
| 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
- Femg Holdings put in about $1,640 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 (0.55% 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 | $957,105 |
| Participant (employee) contributions | $2,093,050 |
| Other contributions (incl. rollovers in) | $7,993 |
| Administrative expenses paid from the plan | $104,239 |
| Contract administrator fees | $71,976 |
| Benefits paid out | $2,868,286 |
| Net assets, start / end of year | $18.0M / $20.1M |
| Active participants, start / end of year | 645 / 522 |
| Participants with account balances | 757 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $104,019 reported compensation |
| Benefit Solutions, Etc. | $40,458 reported compensation |
| Merrill Lynch | $26,371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006141641NAL0002123795001, received 2025-10-06, EIN 83-1547207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.