Plan Ledger DOL Form 5500 · updated monthly

City Club Apartments, LLC401(k)

CITY CLUB APARTMENTS, LLC RETIREMENT PLAN · FARMINGTON HILLS, MI · plan year 2023

Reported admin expense ratio · 2023
0.84%

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

City Club Apartments, LLC reported $33,249 in plan administrative expenses for 2023: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $831 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 1 year on file its reported administrative ratio fell from 1.27% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Michigan (2,074th of 2,619), and 1,589th of 2,096 in real estate & leasing. In 2023, employees put in $6.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,415,157
Participants with balances364
Active participants152
Employer contributions$126,320
Employee contributions$844,672
Employer contribution per active participant$831
Average account balance$12,130
Benefits paid to participants$707,342
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.4M · 364 accts · $126K emplr
2022$3.6M · 332 accts · $87K emplr
The City Club Apartments, LLC 401(k) match · 2023
Employer contribution per active participant$831
Median for plans this size$1,308
2023$831 per active participant
2022$516 per active participant

City Club Apartments, LLC's 2023 employer contribution ran below the $1,308 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$12,216
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$10,850
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$8,560
THE HUNTINGTON NATIONAL BANK · Investment advisory (plan)$7,952

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

Administrative cost history2
2023$33,249 · 0.84%
2022$46,831 · 1.27%
Similar plansReal Estate & Leasing · Michigan
Olor, LLC MI$5.8M · 0.11%
Legacy, LLC MI$4.9M · 0.86%
Mrd Apartments, LLC MI$4.6M · 1.33%
Dart Appraisal.com MI$4.4M · 0.63%
Land & Company MI$4.3M · 0.94%
Hayman Company MI$4.0M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811284363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.