Retirement plan

FIRST ADVANTAGE CORPORATION 401(K) PLAN

Name: FIRST ADVANTAGE CORPORATION - FIRST ADVANTAGE CORPORATION 401(K) PLAN (2024) Form 5500
Creator: FIRST ADVANTAGE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST ADVANTAGE CORPORATION 401(K) PLAN, FIRST ADVANTAGE CORPORATION

FIRST ADVANTAGE CORPORATIONEIN 27-4651162Plan #001PY 2024

1 CONCOURSE PARKWAY NE SUITE 200 - ATLANTA, GA 30328813-523-1875fadv.comLinkedIn1001-5000 employeesinformation services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$86.9M

+15.0% from 2023

Total participants

2,196

+56.2% from 2023

Average account balance

$67,387

+20.6% from 2023

Annual return

17.11%

-1.61 pp from 2023

Benchmarks

See 388 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$86.93M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

1,290

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.

52.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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

Top 7 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES AND ASSOCIATES Service code 27 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Advisory (Plan)	$50,366
NFP RETIREMENT INC6 years Service code 99 120 VANTIS · ALISO VIEJO, CA 92656	Other Fees	$44,389
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$24,427
FIRST ADVANTAGE1 year Filed as: FIRST ADVANTAGE DBA FASTBALL INT Service code 10 1 CONCOURSE PARKWAY · ATLANTA, GA 30328	Accounting	$22,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$20,194
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES AND ASSOCIATES, INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$13,750
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2G2J2K2S2T3D3H2E2F

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$70K

$37 / participant

Recordkeeping$24K35.1%
Other / not subdivided$45K64.9%

% of EOY assets

0.080%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: $1,890
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,387

$44,897+50.1%

$85,009-20.7%

$199,768-66.3%

Participation rate

52.0%

45.7%+6.3pp

67.5%-15.5pp

72.0%-20.0pp

Annual return

17.11%

20.96%-3.9pp

66.47%-49.4pp

34.26%-17.2pp

Employer contribution / active EE

$633

$1,365-53.6%

$2,728-76.8%

$3,037-79.1%

Participant deferral / active EE

$3,731

$2,668+39.8%

$4,522-17.5%

$5,090-26.7%

Admin fee / account holder

$54

$584-90.8%

$6,153-99.1%

$269-79.9%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES AND ASSOCIATES

Service code 27

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Advisory (Plan)

$50,366

NFP RETIREMENT INC6 years

Service code 99

120 VANTIS · ALISO VIEJO, CA 92656

Other Fees

$44,389

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$24,427

FIRST ADVANTAGE1 year

Filed as: FIRST ADVANTAGE DBA FASTBALL INT

Service code 10

1 CONCOURSE PARKWAY · ATLANTA, GA 30328

Accounting

$22,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$20,194

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES AND ASSOCIATES, INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$13,750

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

FIRST ADVANTAGE CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST ADVANTAGE CORPORATION 401(K) PLAN

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