Retirement plan

FILLMORE GARDEN APARTMENTS, LLC 401K PROFIT SHARING PLAN

Name: FILLMORE GARDEN APARTMENTS, LLC - FILLMORE GARDEN APARTMENTS, LLC 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: FILLMORE GARDEN APARTMENTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FILLMORE GARDEN APARTMENTS, LLC 401K PROFIT SHARING PLAN, FILLMORE GARDEN APARTMENTS, LLC

FILLMORE GARDEN APARTMENTS, LLCEIN 54-0447803Plan #001PY 2022

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

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$203K

-36.2% from 2021

Total participants

-5.3% from 2021

Average account balance

$11,915

-32.4% from 2021

Annual return

-17.96%

-35.11 pp from 2021

Benchmarks

See 18,479 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort18,479 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$302K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

211.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5442

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$92K

$13120 / participant

Other / not subdivided$92K100.0%

% of EOY assets

45.339%

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

$11,915

$190,879-93.8%

$160,009-92.6%

$134,532-91.1%

Participation rate

85.7%

82.0%+3.8pp

78.0%+7.7pp

81.2%+4.5pp

Annual return

-17.96%

552.63%-570.6pp

408.85%-426.8pp

418.27%-436.2pp

Employer contribution / active EE

$1,742

$4,995-65.1%

$4,225-58.8%

$4,741-63.3%

Participant deferral / active EE

$3,094

$6,924-55.3%

$6,183-50.0%

$6,401-51.7%

Admin fee / account holder

$5,402

$10,495-48.5%

$8,715-38.0%

$11,429-52.7%

FILLMORE GARDEN APARTMENTS, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FILLMORE GARDEN APARTMENTS, LLC 401K PROFIT SHARING 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