Retirement plan

SOUTHEASTERN PROPERTY MANAGEMENT LLC 401(K) PLAN

Name: SOUTHEASTERN PROPERTY MANAGEMENT LLC - SOUTHEASTERN PROPERTY MANAGEMENT LLC 401(K) PLAN (2024) Form 5500
Creator: SOUTHEASTERN PROPERTY MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHEASTERN PROPERTY MANAGEMENT LLC 401(K) PLAN, SOUTHEASTERN PROPERTY MANAGEMENT LLC

SOUTHEASTERN PROPERTY MANAGEMENT LLCEIN 63-0755228Plan #006PY 2024

1103 RICHARD ARRINGTON, JR BLVD S - BIRMINGHAM, AL 35205205-639-5113LinkedIn201-500 employeesreal estate

Other plans on this EIN

3 filings

#003Retirement-$811K assets #001Retirement-$564K assets #005Retirement-$392K assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$15.9M

+19.9% from 2023

Total participants

773

+12.0% from 2023

Average account balance

$43,171

+12.8% from 2023

Annual return

13.73%

-6.01 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

$15.93M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

369

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.

42.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.50M

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$416

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$87,759
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$46,405
BLACK & PINCKARD LLC5 years Service code 10 · EIN 26-0079831	Accounting	$11,000
STONES RIVER CONSULTING3 years Service code 15 · EIN 45-3783933	Recordkeeping	$8,787

Plan features & details

Pension benefit codes2J2K2F2G3D3H

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$153K

$218 / participant

Contract admin$55K36.0%
Other / not subdivided$98K64.0%

% of EOY assets

0.963%

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: BLACK & PINCKARD, LLC
Auditor EIN: 260079381
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,171

$62,688-31.1%

$178,528-75.8%

$77,714-44.4%

Participation rate

42.7%

66.9%-24.2pp

77.1%-34.4pp

70.6%-27.9pp

Annual return

13.73%

16.16%-2.4pp

27.11%-13.4pp

31.26%-17.5pp

Employer contribution / active EE

$1,129

$1,912-40.9%

$3,950-71.4%

$2,727-58.6%

Participant deferral / active EE

$2,421

$4,224-42.7%

$6,278-61.4%

$4,649-47.9%

Admin fee / account holder

$416

$386+7.6%

$10,419-96.0%

$433-4.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$87,759

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$46,405

BLACK & PINCKARD LLC5 years

Service code 10 · EIN 26-0079831

Accounting

$11,000

STONES RIVER CONSULTING3 years

Service code 15 · EIN 45-3783933

Recordkeeping

$8,787

SOUTHEASTERN PROPERTY MANAGEMENT LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHEASTERN PROPERTY MANAGEMENT LLC 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