Plan Ledger DOL Form 5500 · updated monthly

Fairfield Property Management401(k)

FAIRFIELD PROPERTY MANAGEMENT PROFIT SHARING PLAN · SHREVEPORT, LA · plan year 2024

Reported admin expense ratio · 2024
2.07%

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

Fairfield Property Management reported $31,093 in plan administrative expenses for 2024: 2.07% of average plan assets, higher than ~90% of peers. Employer contributions averaged $294 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 2.07%. 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 Louisiana (781st of 884), and 1,899th of 2,096 in real estate & leasing. In 2024, employees put in $4.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,650,865
Participants with balances245
Active participants179
Employer contributions$52,655
Employee contributions$238,390
Employer contribution per active participant$294
Average account balance$6,738
Benefits paid to participants$130,768
Plan auditUnmodified (clean) audit opinion
AuditorHEARD, MCELROY & VESTAL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 245 accts · $53K emplr
2023$1.4M · 216 accts · $56K emplr
2022$1.1M · 204 accts · $40K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,185
Total administrative$31,093
The Fairfield Property Management 401(k) match · 2024
Employer contribution per active participant$294
Median for plans this size$1,313
2024$294 per active participant
2023$338 per active participant
2022$234 per active participant

Fairfield Property Management's 2024 employer contribution ran below the $1,313 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
ASCENSUS LLC · Recordkeeping$22,185
REGIONS BANK · Investment advisory (plan)$8,908

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$31,093 · 2.07%
2023$27,247 · 2.22%
2022$21,072 · 2.06%
Same employer
Similar plansReal Estate & Leasing · Louisiana
Trend Services, Inc. LA$3.7M · 0.67%
Kfk Group, Inc. LA$2.0M · 1.70%
D'Aprile Properties IL$1.7M · 1.45%
Redwood Residential, LLC. IL$1.7M · 2.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720825920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.