Plan Ledger DOL Form 5500 · updated monthly

Elderly Housing Management, Inc.401(k)

401(K) PROFIT SHARING PLAN OF ELDERLY HOUSING MANAGEMENT, INC. · NORTH HAVEN, CT · plan year 2023

Reported admin expense ratio · 2023
0.26%

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

Elderly Housing Management, Inc. reported $47,246 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,864 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 0.27% to 0.31%. 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 Connecticut (568th of 1,106), and the 693rd of 2,096 in real estate & leasing. In 2023, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$19,192,486
Participants with balances407
Active participants346
Employer contributions$644,945
Employee contributions$617,795
Employer contribution per active participant$1,864
Average account balance$47,156
Benefits paid to participants$1,720,422
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 413 accts · $442K emplr
2023$19.2M · 407 accts · $645K emplr
2022$17.3M · 399 accts · $669K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$46,799
Investment management$447
Total administrative$47,246
The Elderly Housing Management, Inc. 401(k) match · 2023
Employer contribution per active participant$1,864
Median for plans this size$2,440
2024$2,584 per active participant
2023$1,864 per active participant
2022$1,921 per active participant

Elderly Housing Management, 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 · 20232
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$46,799
EMPOWER ADVISORY GROUP, LLC · Insurance broker$447

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$58,770 · 0.31%
2023$47,246 · 0.26%
2022$52,131 · 0.27%
Same employer
Similar plansReal Estate & Leasing · Connecticut
Eagle Leasing Company CT$33.5M · 0.19%
Somerset Capital Group, LTD CT$23.8M · 0.18%
Chestnut Hill South LLC CT$17.0M · 0.01%
The Simon Konover Company CT$16.7M · 1.11%
Blt Management, LLC CT$14.3M · 0.51%
Rps, Inc. CT$11.4M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 066049011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.