Plan Ledger DOL Form 5500 · updated monthly

Chestnut Hill South LLC401(k)

FRANKLIN ENTERPRISES 401(K) PLAN · NEW HAVEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Chestnut Hill South LLC reported $1,706 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,013 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 fell from 0.04% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Connecticut (594th of 1,106), and the 770th of 2,096 in real estate & leasing. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 166 to 285 since 2022.

Plan summary
Net assets, end of year$16,989,874
Participants with balances165
Active participants285
Employer contributions$288,584
Employee contributions$655,651
Employer contribution per active participant$1,013
Average account balance$102,969
Benefits paid to participants$1,036,951
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 165 accts · $289K emplr
2023$14.6M · 165 accts · $293K emplr
2022$12.0M · 140 accts · $238K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,706
Total administrative$1,706
The Chestnut Hill South LLC 401(k) match · 2024
Employer contribution per active participant$1,013
Median for plans this size$2,416
2024$1,013 per active participant
2023$1,382 per active participant
2022$1,435 per active participant

Chestnut Hill South LLC's 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,706

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

Administrative cost history3
2024$1,706 · 0.01%
2023$5,476 · 0.04%
2022$5,832 · 0.04%
Similar plansReal Estate & Leasing · Connecticut
Eagle Leasing Company CT$33.5M · 0.19%
Somerset Capital Group, LTD CT$23.8M · 0.18%
The Simon Konover Company CT$16.7M · 1.11%
Blt Management, LLC CT$14.3M · 0.51%
Rps, Inc. CT$11.4M · 0.38%
Vesta Corporation CT$9.3M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060886642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.