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FIRSTCLOSE

Austin, Texas
50-99 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Firstclose 401(K) Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
FIRSTCLOSE
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$2,637
Avg Employer Contribution per Person per Year
Below
EE Friendly
Plan Design
Leading
EE Friendly
Admin Fees as a % of Total Assets
Laggard
12%
1 Year Return
Laggard

Peer Group

Size
50-99 employees
Region
All Region Average
Industry
Finance and Insurance

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Firstclose 401(K) Plan
Plan type
401k
Plan start date
01/01/2018
Plan assets
$2,668,440
Participation Rate
100.00 %
Loan %
2.00 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
Yes

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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Just a few of the companies in your cohort

BOARD OF TRUSTEES OF THE CPF OF THE IUOE AND PARTICIPATING EMPLOYERSBOARD OF TRUSTEES OF THE CPF OF THE IUOE AND PARTICIPATING EMPLOYERSRBC USA HOLDCO CORPORATIONRBC USA HOLDCO CORPORATIONBOARD OF TRUSTEES, DIRECTORS GUILD OF AMERICA-BOARD OF TRUSTEES, DIRECTORS GUILD OF AMERICA-U A LOCAL UNION OFFICERS & EMPLOYEES PENSION FUNDU A LOCAL UNION OFFICERS & EMPLOYEES PENSION FUNDCOOPERATIVE BANKS EMPLOYEES RETIREMENT ASSOCIATIONCOOPERATIVE BANKS EMPLOYEES RETIREMENT ASSOCIATIONARROWPOINT GROUP, INC.ARROWPOINT GROUP, INC.BOARD OF TRUSTEES, SEIU 775 SECURE RETIREMENT TRUSTBOARD OF TRUSTEES, SEIU 775 SECURE RETIREMENT TRUSTLONE PINE CAPITAL LLCLONE PINE CAPITAL LLCBARON CAPITAL, INC.BARON CAPITAL, INC.ZANDER GROUP HOLDINGS, INC.ZANDER GROUP HOLDINGS, INC.

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