Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FILLMORE GARDEN APARTMENTS, LLC

Name: FILLMORE GARDEN APARTMENTS, LLC - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FILLMORE GARDEN APARTMENTS, LLC (2024) Form 5500
Creator: FILLMORE GARDEN APARTMENTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FILLMORE GARDEN APARTMENTS, LLC, FILLMORE GARDEN APARTMENTS, LLC

FILLMORE GARDEN APARTMENTS, LLCEIN 54-0447803Plan #001PY 2024

300 N LEE ST STE 200 - ALEXANDRIA, VA 223142640703-548-7300LinkedIn1-10 employeesreal estate

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$323K

+32.0% from 2023

Total participants

-24.0% from 2023

Average account balance

$17,948

+39.4% from 2023

Annual return

16.72%

-1.91 pp from 2023

Benchmarks

See 20,049 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort20,049 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$323K

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

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

+16.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$677

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

0 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 codes2F2G2S2T3D

Plan features

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$12K

$1016 / participant

Other / not subdivided$12K100.0%

% of EOY assets

3.772%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,948

$211,224-91.5%

$178,505-89.9%

$145,897-87.7%

Participation rate

91.7%

80.8%+10.8pp

77.1%+14.5pp

80.3%+11.4pp

Annual return

16.72%

30.28%-13.6pp

27.16%-10.4pp

552.29%-535.6pp

Employer contribution / active EE

$1,301

$4,577-71.6%

$3,955-67.1%

$4,663-72.1%

Participant deferral / active EE

$2,830

$6,966-59.4%

$6,280-54.9%

$6,689-57.7%

Admin fee / account holder

$677

$12,109-94.4%

$10,428-93.5%

$13,390-94.9%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FILLMORE GARDEN APARTMENTS, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF FILLMORE GARDEN APARTMENTS, LLC

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