Retirement plan

THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: THE FORT MILLER GROUP, INC. - THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: THE FORT MILLER GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN, THE FORT MILLER GROUP, INC.

THE FORT MILLER GROUP, INC.EIN 14-1459087Plan #003PY 2023

P.O. BOX 98 - SCHUYLERVILLE, NY 12871518-695-5000fmgroup.comLinkedIn201-500 employeesconsumer goods

Other plans on this EIN

1 filing

#002Retirement-$73.7M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$61M

+22.7% from 2022

Total participants

394

-0.3% from 2022

Average account balance

$156,302

+23.7% from 2022

Annual return

19.33%

+13.73 pp from 2022

Benchmarks

See 258 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort258 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.42M

Not enough data

1 years with asset history on file

Average account balance

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

$224K

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.

409

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+46.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 years with F_SCH_H allocation on file

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

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 codes2E2P3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEAL BECKER & CHIARAMONTE
Auditor EIN: 141624930
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,302

$82,978+88.4%

$130,231+20.0%

$74,460+109.9%

Participation rate

98.9%

73.7%+25.2pp

76.3%+22.6pp

70.7%+28.2pp

Annual return

19.33%

123.05%-103.7pp

38.86%-19.5pp

34.38%-15.0pp

Employer contribution / active EE

$7,939

$3,391+134.1%

$4,126+92.4%

$2,638+201.0%

Participant deferral / active EE

$5,370-100.0%

$6,799-100.0%

$4,530-100.0%

Admin fee / account holder

$354-100.0%

$6,020-100.0%

$348-100.0%

THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE FORT MILLER GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion