FGG Spa, LLC 401(k) Review & Grade
Hand & Stone 401(k) Plan
Medford, NJOther Services1,393 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$170Employer $ per active participant
$241Employee $ saved per active participant
2.24%Direct admin cost, % of plan assets
$1.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.6 / 5013th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 1th |
| Employee saving | 5th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($9,681 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $42,571 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- FGG Spa put in about $170 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- 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 (2.24% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $236,295 |
| Participant (employee) contributions | $335,215 |
| Other contributions (incl. rollovers in) | $205,389 |
| Administrative expenses paid from the plan | $23,953 |
| Benefits paid out | $94,291 |
| Net assets, start / end of year | $690,224 / $1.4M |
| Active participants, start / end of year | 1,401 / 1,385 |
| Participants with account balances | 154 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250411154150NAL0044494418001, received 2025-04-11, EIN 46-4371948, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.