Plan Ledger DOL Form 5500 · updated monthly

Cort Business Services Corporation401(k)

CORT 401(K) RETIREMENT SAVINGS PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Cort Business Services Corporation reported $178,195 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $1,289 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 0.04% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 135th-largest of 2,266 plans among Virginia employers on file, and the 46th of 2,096 in real estate & leasing. In 2024, employees put in $4.19 for every $1.00 the employer contributed; active participation has grown from 1,975 to 2,225 since 2022.

Plan summary
Net assets, end of year$248,834,998
Participants with balances2,948
Active participants2,225
Employer contributions$2,867,799
Employee contributions$12,028,675
Employer contribution per active participant$1,289
Average account balance$84,408
Benefits paid to participants$26,488,520
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$248.8M · 2,948 accts · $2.9M emplr
2023$216.9M · 2,910 accts · $2.6M emplr
2022$179.2M · 2,790 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,451
Investment management$64,744
Total administrative$178,195
The Cort Business Services Corporation 401(k) match · 2024
Employer contribution per active participant$1,289
Median for plans this size$3,635
2024$1,289 per active participant
2023$1,229 per active participant
2022$980 per active participant

Cort Business Services Corporation's 2024 employer contribution ran below the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$114,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$64,744

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$178,195 · 0.08%
2023Not separately reported
2022$76,925 · 0.04%
Same employer
Similar plansReal Estate & Leasing · Virginia
Airbus Americas, Inc. VA$443.5M · 0.04%
Avalonbay Communities, Inc. VA$442.9M · 0.08%
The Peterson Companies VA$62.0M · 0.27%
Harbor Group Management Co. VA$54.8M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141543982 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.