Plan Ledger DOL Form 5500 · updated monthly

Culmen Real Estate Services, Inc.401(k)

CULMEN REAL ESTATE SERVICES RETIREMENT PLAN · DAYTON, OH · plan year 2023

Reported admin expense ratio · 2023
0.49%

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

Culmen Real Estate Services, Inc. reported $49,392 in plan administrative expenses for 2023: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,549 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 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Ohio (1,922nd of 3,295), and 1,058th of 2,096 in real estate & leasing. In 2023, employees put in $2.97 for every $1.00 the employer contributed; active participation has shrunk from 183 to 134 since 2022.

Plan summary
Net assets, end of year$10,767,429
Participants with balances189
Active participants134
Employer contributions$207,541
Employee contributions$616,724
Employer contribution per active participant$1,549
Average account balance$56,971
Benefits paid to participants$1,161,225
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, WARE AND SCHOENFELD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 186 accts · $231K emplr
2023$10.8M · 189 accts · $208K emplr
2022$9.5M · 182 accts · $123K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$28,142
Audit (IQPA)$14,250
Total administrative$49,392
The Culmen Real Estate Services, Inc. 401(k) match · 2023
Employer contribution per active participant$1,549
Median for plans this size$2,440
2024$1,306 per active participant
2023$1,549 per active participant
2022$675 per active participant

Culmen Real Estate Services, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,142
BRADY WARE AND SCHOENFELD INC · Accounting / audit$14,250
ESLER & VANDERSCHAAFF CO · Legal$7,000

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$43,433 · 0.40%
2023$49,392 · 0.49%
2022$35,308 · 0.32%
Similar plansReal Estate & Leasing · Ohio
Budget Dumpster OH$12.4M · 0.58%
Petland, Inc. OH$10.6M · 0.35%
Chn Housing Partners OH$9.6M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823000146 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.