Retirement plan

FRDA LLC 401(K) PLAN

Name: FOREIGN RESOURCE DEVELOPMENT ASSOCIATES LLC DBA FRDA LLC - FRDA LLC 401(K) PLAN (2022) 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 2022

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)

$7.1M

-10.8% from 2021

Total participants

-1.3% from 2021

Average account balance

$98,189

-15.7% from 2021

Annual return

-17.29%

-29.88 pp from 2021

Benchmarks

See 28,001 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,001 peers

Snapshot2022

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

$827K

$16215 / participant

Other / not subdivided$827K100.0%

% of EOY assets

11.697%

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

$98,189

$82,674+18.8%

$125,381-21.7%

$68,486+43.4%

Participation rate

88.2%

75.1%+13.2pp

82.4%+5.9pp

67.9%+20.3pp

Annual return

-17.29%

-5.97%-11.3pp

572.31%-589.6pp

-7.85%-9.4pp

Employer contribution / active EE

$9,518

$3,382+181.5%

$4,815+97.7%

$2,597+266.6%

Participant deferral / active EE

$16,276

$6,111+166.4%

$7,448+118.5%

$4,028+304.1%

Admin fee / account holder

$11,485

$6,277+83.0%

$10,007+14.8%

$5,404+112.5%

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