Firstkey Homes LLC 401(k) Review & Grade
Firstkey Homes 401(k) Plan
Atlanta, GAReal Estate & Rental788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,818Employer $ per active participant
$5,440Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$28.2MNet plan assets, end of year
$44,909Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 32th |
| Employee saving | 72th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Firstkey Homes put in about $2,818 per active participant, more than the typical peer ($1,279). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.38% 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.
- 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 | $2,220,237 |
| Participant (employee) contributions | $4,286,922 |
| Other contributions (incl. rollovers in) | $636,082 |
| Administrative expenses paid from the plan | $93,628 |
| Investment advisory & management fees | $22,101 |
| Benefits paid out | $3,183,396 |
| Net assets, start / end of year | $21.0M / $28.2M |
| Active participants, start / end of year | 740 / 836 |
| Participants with account balances | 629 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith and Howard PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $71,527 reported compensation |
| Strategic Advisors, Inc. | $22,101 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260203103448NAL0002417889001, received 2026-02-03, EIN 61-1766648, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.