Plan Ledger DOL Form 5500 · updated monthly

Cubesmart, L.P.401(k)

CUBESMART, L.P. 401(K) PLAN · MALVERN, PA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Cubesmart, L.P. reported $272,690 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $733 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 0.47% to 0.51%. 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 687th-largest of 3,651 plans among Pennsylvania employers on file, and the 238th of 2,096 in real estate & leasing. In 2024, employees put in $2.73 for every $1.00 the employer contributed; active participation has grown from 2,327 to 2,630 since 2022.

Plan summary
Net assets, end of year$59,736,619
Participants with balances3,076
Active participants2,630
Employer contributions$1,926,550
Employee contributions$5,252,425
Employer contribution per active participant$733
Average account balance$19,420
Benefits paid to participants$6,510,874
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.7M · 3,076 accts · $1.9M emplr
2023$47.3M · 3,097 accts · $1.7M emplr
2022$37.8M · 2,955 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$246,040
Total administrative$272,690
The Cubesmart, L.P. 401(k) match · 2024
Employer contribution per active participant$733
Median for plans this size$3,635
2024$733 per active participant
2023$692 per active participant
2022$707 per active participant

Cubesmart, L.P.'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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$246,040
REGIONS BANK · Consulting$35,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$272,690 · 0.51%
2023$219,797 · 0.52%
2022$196,411 · 0.47%
Same employer
Similar plansReal Estate & Leasing · Pennsylvania
Brandywine Realty Trust PA$71.1M · 0.09%
Connectamerica.com, LLC PA$64.3M · 0.38%
Preit Services, LLC PA$53.1M · 0.10%
Shk Management, Inc. PA$49.3M · 0.39%
Lcor Incorporated PA$49.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341837021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.