Plan Ledger DOL Form 5500 · updated monthly

First Realty Management Corp.401(k)

FIRST REALTY MANAGEMENT CORP. 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

First Realty Management Corp. reported $53,445 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,110 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 0.21% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,144th-largest of 2,726 plans among Massachusetts employers on file, and the 550th of 2,096 in real estate & leasing. In 2024, employees put in $1.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,441,300
Participants with balances265
Active participants216
Employer contributions$671,830
Employee contributions$1,278,700
Employer contribution per active participant$3,110
Average account balance$92,231
Benefits paid to participants$1,527,912
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 265 accts · $672K emplr
2023$21.9M · 257 accts · $1.4M emplr
2022$18.7M · 255 accts · $544K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,445
Total administrative$53,445
The First Realty Management Corp. 401(k) match · 2024
Employer contribution per active participant$3,110
Median for plans this size$2,416
2024$3,110 per active participant
2023$6,822 per active participant
2022$2,718 per active participant

First Realty Management Corp.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$52,694
THE ANGELL PENSION GROUP INC · Other services · Contract administrator$750
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (participants)indirect comp

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$53,445 · 0.23%
2023$44,385 · 0.22%
2022$40,917 · 0.21%
Same employer
Similar plansReal Estate & Leasing · Massachusetts
Hallkeen Management, Inc. MA$27.2M · 1.18%
The Druker Company, LTD MA$26.8M · 0.23%
Maloney Properties, Inc. MA$24.0M · 0.43%
Davenport Realty Trust MA$21.8M · 0.09%
Inland Management, LLC MA$21.3M · 0.25%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042472333 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.