Retirement plan

RENTAL HEROES PROPERTY MANAGEMENT LLC 401(K) PLAN

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

RENTAL HEROES PROPERTY MANAGEMENT LLCEIN 84-3092178Plan #002PY 2024

3660 NORTH LAKE SHORE DRIVE, SECOND FLOOR - CHICAGO, IL 60613312-287-1308

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$897K

+36.2% from 2023

Total participants

+24.2% from 2023

Average account balance

$23,008

+8.2% from 2023

Annual return

13.49%

-5.52 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$897K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

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

+13.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$235

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 codes2E2F2G2J2T3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant 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

$9K

$305 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.020%

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

$23,008

$138,393-83.4%

$184,256-87.5%

$80,959-71.6%

Participation rate

93.3%

83.9%+9.4pp

86.8%+6.5pp

67.7%+25.7pp

Annual return

13.49%

20.01%-6.5pp

28.85%-15.4pp

35.67%-22.2pp

Employer contribution / active EE

$1,287

$4,847-73.5%

$6,427-80.0%

$2,757-53.3%

Participant deferral / active EE

$3,837

$7,076-45.8%

$9,133-58.0%

$4,300-10.8%

Admin fee / account holder

$235

$10,489-97.8%

$13,899-98.3%

$6,925-96.6%

RENTAL HEROES PROPERTY MANAGEMENT LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RENTAL HEROES 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