Plan Ledger DOL Form 5500 · updated monthly

Harbor Group Management Co.401(k)

HARBOR GROUP MANAGEMENT CO. 401(K) PLAN · NORFOLK, VA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Harbor Group Management Co. reported $346,149 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,449 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 0.61% to 0.69%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 456th-largest of 2,266 plans among Virginia employers on file, and the 263rd of 2,096 in real estate & leasing. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$54,841,486
Participants with balances1,829
Active participants1,382
Employer contributions$2,002,094
Employee contributions$5,830,208
Employer contribution per active participant$1,449
Average account balance$29,984
Benefits paid to participants$5,212,327
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.8M · 1,829 accts · $2.0M emplr
2023$45.3M · 1,622 accts · $2.2M emplr
2022$34.4M · 1,522 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$238,819
Investment management$107,330
Total administrative$346,149
The Harbor Group Management Co. 401(k) match · 2024
Employer contribution per active participant$1,449
Median for plans this size$3,635
2024$1,449 per active participant
2023$1,698 per active participant
2022$1,234 per active participant

Harbor Group Management Co.'s 2024 employer contribution ran below the $3,635 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
JOHN HANCOCK · Recordkeeping · Loan processing$172,233
CERITY PARTNERS RETIREMENT SERVICES · Investment advisory (plan)$98,878

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$346,149 · 0.69%
2023$332,632 · 0.83%
2022$209,225 · 0.61%
Same employer
Similar plansReal Estate & Leasing · Virginia
The Peterson Companies VA$62.0M · 0.27%
Thalhimer, Inc. VA$54.0M · 0.22%
Kettler, Inc. VA$46.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541329081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.