Plan Ledger DOL Form 5500 · updated monthly

Firstservice Residential Minnesota, Inc.401(k)

FIRSTSERVICE RESIDENTIAL MINNESOTA 401(K) PLAN · BLOOMINGTON, MN · plan year 2022

Reported admin expense ratio · 2022
0.77%

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

Firstservice Residential Minnesota, Inc. reported $114,478 in plan administrative expenses for 2022: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $517 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Minnesota (1,126th of 1,918), and the 898th of 2,096 in real estate & leasing. In 2022, employees put in $4.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,724,858
Participants with balances220
Active participants608
Employer contributions$314,494
Employee contributions$1,544,489
Employer contribution per active participant$517
Average account balance$62,386
Benefits paid to participants$1,120,817
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$13.7M · 220 accts · $314K emplr
Administrative expenses, itemized · 2022
Investment management$110,902
Total administrative$114,478
The Firstservice Residential Minnesota, Inc. 401(k) match · 2022
Employer contribution per active participant$517
Median for plans this size$2,266

Firstservice Residential Minnesota, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$114,478 · 0.77%
Similar plansReal Estate & Leasing · Minnesota
Bigos Management, Inc. MN$18.3M · 0.52%
Timberland Partners, Inc. MN$16.9M · 0.21%
SA Support Services, Inc. MN$12.5M · 0.56%
Great Lakes Management MN$11.5M · 1.10%
Stuartco MN$11.2M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411451847 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.