Retirement plan

HIGHMARK RESIDENTIAL 401(K) PLAN

Name: HIGHMARK RESIDENTIAL, LLC - HIGHMARK RESIDENTIAL 401(K) PLAN (2022) Form 5500
Creator: HIGHMARK RESIDENTIAL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGHMARK RESIDENTIAL 401(K) PLAN, HIGHMARK RESIDENTIAL, LLC

HIGHMARK RESIDENTIAL, LLCEIN 87-0736673Plan #001PY 2022

5429 LBJ FREEWAY, SUITE 800 - DALLAS, TX 75240214-561-1200highmarkres.comLinkedIn1001-5000 employeesreal estate

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$26.2M

-10.5% from 2021

Total participants

2,005

+17.2% from 2021

Average account balance

$31,878

-13.5% from 2021

Annual return

-11.41%

-27.17 pp from 2021

Benchmarks

See 128 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort128 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.28M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

991

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.

34.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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 3 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.8+ years Service code 15 · EIN 91-0675641	Recordkeeping	$138,860
CHARLES SCHWAB & CO., INC.5 years Service code 19 · EIN 94-1737782	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$140K

$78 / participant

Other / not subdivided$140K100.0%

% of EOY assets

0.534%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,878

$42,504-25.0%

$159,991-80.1%

$77,906-59.1%

Participation rate

33.7%

66.9%-33.2pp

78.0%-44.2pp

73.7%-39.9pp

Annual return

-11.41%

-12.43%+1.0pp

408.82%-420.2pp

12.16%-23.6pp

Employer contribution / active EE

$811

$1,684-51.8%

$4,225-80.8%

$2,846-71.5%

Participant deferral / active EE

$1,392

$3,919-64.5%

$6,183-77.5%

$4,805-71.0%

Admin fee / account holder

$170

$98+74.4%

$8,715-98.0%

$133+28.3%

Provider

Service type

Compensation

MILLIMAN, INC.8+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$138,860

CHARLES SCHWAB & CO., INC.5 years

Service code 19 · EIN 94-1737782

Securities Custodian

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

HIGHMARK RESIDENTIAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGHMARK RESIDENTIAL 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