Retirement plan

MAHAFFEY APARTMENT COMPANY 401(K) PLAN

Name: THE MAHAFFEY APARTMENT COMPANY - MAHAFFEY APARTMENT COMPANY 401(K) PLAN (2024) Form 5500
Creator: THE MAHAFFEY APARTMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAHAFFEY APARTMENT COMPANY 401(K) PLAN, THE MAHAFFEY APARTMENT COMPANY

THE MAHAFFEY APARTMENT COMPANYEIN 59-2881799Plan #001PY 2024

147 2ND AVENUE SOUTH, SUITE 300 - ST. PETERSBURG, FL 33701727-823-9431LinkedIn201-500 employeesreal estate

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$3.2M

+46.5% from 2023

Total participants

427

-9.1% from 2023

Average account balance

$7,498

+61.7% from 2023

Annual return

6.45%

-30.77 pp from 2023

Benchmarks

See 665 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort665 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

425

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+6.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 9 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$52,011
RETIREMENT SOLUTIONS SPECIALISTS1 year Filed as: RETIREMENT SOLUTIONS SPECIALIST LL Service code 13 · EIN 27-0293282	Contract Administrator	$18,260
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,445
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9,332
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP INSURANCE GROUP, LLC Service code 27 · EIN 59-3331424	Advisory (Plan)	$6,296
RETIREMENT SOLUTIONS SPECIALISTS3+ years Service code 13 PO BOX 601070 · JACKSONVILLE, FL 32260	Contract Administrator	$2,702
UBS FINANCIAL SERVICES INC1 year Service code 27 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$1,567
MORNINGSTAR1 year Filed as: MORNINGSTA IUNVESTMENT MANAGEMENT L Service code 26	Advisory (Participants)	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$86K

$213 / participant

Contract admin$86K100.0%

% of EOY assets

2.693%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,498

$62,686-88.0%

$178,505-95.8%

$77,762-90.4%

Participation rate

99.5%

66.9%+32.6pp

77.1%+22.4pp

70.6%+28.9pp

Annual return

6.45%

16.16%-9.7pp

27.16%-20.7pp

31.27%-24.8pp

Employer contribution / active EE

$1,509

$1,914-21.1%

$3,955-61.9%

$2,728-44.7%

Participant deferral / active EE

$1,689

$4,224-60.0%

$6,280-73.1%

$4,651-63.7%

Admin fee / account holder

$202

$386-47.7%

$10,428-98.1%

$433-53.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$52,011

RETIREMENT SOLUTIONS SPECIALISTS1 year

Filed as: RETIREMENT SOLUTIONS SPECIALIST LL

Service code 13 · EIN 27-0293282

Contract Administrator

$18,260

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,445

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$9,332

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP INSURANCE GROUP, LLC

Service code 27 · EIN 59-3331424

Advisory (Plan)

$6,296

RETIREMENT SOLUTIONS SPECIALISTS3+ years

Service code 13

PO BOX 601070 · JACKSONVILLE, FL 32260

Contract Administrator

$2,702

UBS FINANCIAL SERVICES INC1 year

Service code 27

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$1,567

MORNINGSTAR1 year

Filed as: MORNINGSTA IUNVESTMENT MANAGEMENT L

Service code 26

Advisory (Participants)

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MAHAFFEY APARTMENT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAHAFFEY APARTMENT COMPANY 401(K) 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