Elevate Property Management, LLC401(k)
ELEVATE PROPERTY MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN & TRUST · WAYZATA, MN · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Elevate Property Management, LLC reported $35,880 in plan administrative expenses for 2024: 1.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,474 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 3 years on file its reported administrative ratio has held roughly steady near 1.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Minnesota (1,790th of 1,918), and 1,856th of 2,096 in real estate & leasing. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 67 to 80 since 2022.
Elevate Property Management, LLC's 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 273695592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.