Retirement plan

FRDA LLC 401(K) PLAN

Name: FOREIGN RESOURCE DEVELOPMENT ASSOCIATES LLC DBA FRDA LLC - FRDA LLC 401(K) PLAN (2024) Form 5500
Creator: FOREIGN RESOURCE DEVELOPMENT ASSOCIATES LLC DBA FRDA LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRDA LLC 401(K) PLAN, FOREIGN RESOURCE DEVELOPMENT ASSOCIATES LLC DBA FRDA LLC

FOREIGN RESOURCE DEVELOPMENT ASSOCIATES LLC DBA FRDA LLCEIN 04-3680284Plan #001PY 2024

1100 N GLEBE RD SUITE 400 - ARLINGTON, VA 222015721703-522-0001LinkedIn1-10 employees

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed February 21, 2018

Plan administrator

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1100 North Glebe Road Suite 400

Arlington State: VA Zip Code: 22201

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Plans declared (1)

FRDA Executive Nonqualified Excess Plan10 emp

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Total assets (EOY)

$5.5M

-16.5% from 2023

Total participants

-21.9% from 2023

Average account balance

$102,031

+9.8% from 2023

Annual return

14.36%

+0.53 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.51M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$102K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

142.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$898K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$54809

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$77887 / participant

Other / not subdivided$3M100.0%

% of EOY assets

53.718%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,031

$102,382-0.3%

$147,005-30.6%

$80,874+26.2%

Participation rate

92.1%

75.8%+16.3pp

82.2%+9.9pp

67.6%+24.5pp

Annual return

14.36%

134.89%-120.5pp

418.76%-404.4pp

35.62%-21.3pp

Employer contribution / active EE

$9,100

$3,715+145.0%

$4,934+84.4%

$2,756+230.2%

Participant deferral / active EE

$14,524

$6,646+118.5%

$8,070+80.0%

$4,297+238.0%

Admin fee / account holder

$54,809

$7,942+590.1%

$13,006+321.4%

$6,935+690.3%

FRDA LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRDA LLC 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion