Plan Ledger DOL Form 5500 · updated monthly

Belong Home, Inc.401(k)

BELONG HOME, INC. 401(K) PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.53%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Belong Home, Inc. reported $10,315 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.32% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Florida (3,105th of 3,644), and 1,851st of 2,096 in real estate & leasing. active participation has shrunk from 259 to 51 since 2022.

Plan summary
Net assets, end of year$2,021,721
Participants with balances225
Active participants51
Employer contributions$0
Employee contributions$250,933
Employer contribution per active participant$0
Average account balance$8,985
Benefits paid to participants$480,518
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 225 accts
2023$1.9M · 274 accts
2022$1.5M · 379 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,772
Investment management$1,543
Total administrative$10,315
The Belong Home, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Belong Home, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
GUIDELINE, INC. · Plan administrator · Recordkeeping$9,430

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Guideline
2023Guideline

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$10,315 · 0.53%
2023$8,276 · 0.49%
2022$3,886 · 0.32%
Same employer
Similar plansReal Estate & Leasing · Florida
Acr Services, LLC FL$1.4M · 2.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824924684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.