Plan Ledger DOL Form 5500 · updated monthly

Hawthorne Residential Partners401(k)

HAWTHORNE RESIDENTIAL PARTNERS 401(K) PROFIT SHARING PLAN & TRUST · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Hawthorne Residential Partners reported $239,900 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,400 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 1.02%. 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 610th-largest of 2,005 plans among North Carolina employers on file, and the 506th of 2,096 in real estate & leasing. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 1,109 to 1,398 since 2022.

Plan summary
Net assets, end of year$26,895,119
Participants with balances1,689
Active participants1,398
Employer contributions$1,957,490
Employee contributions$4,118,051
Employer contribution per active participant$1,400
Average account balance$15,924
Benefits paid to participants$2,811,017
Plan auditUnmodified (clean) audit opinion
AuditorLEEPER, KEAN AND RUMLEY
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 1,689 accts · $2.0M emplr
2023$20.0M · 1,410 accts · $1.6M emplr
2022$14.0M · 1,307 accts · $923K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,346
Investment management$51,054
Audit (IQPA)$15,500
Total administrative$239,900
The Hawthorne Residential Partners 401(k) match · 2024
Employer contribution per active participant$1,400
Median for plans this size$2,416
2024$1,400 per active participant
2023$1,389 per active participant
2022$832 per active participant

Hawthorne Residential Partners's 2024 employer contribution ran below 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 · 20244
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Investment advisory (plan)$31,032
EMPOWER ADVISORY GROUP, LLC · Investment management$20,022
LEEPER KEAN & RUMLEY LLP · Accounting / audit$15,500

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$239,900 · 1.02%
2023$183,513 · 1.08%
2022$145,423 · 1.03%
Same employer
Similar plansReal Estate & Leasing · North Carolina
Crescent Communities, LLC NC$44.4M · 0.05%
Koury Corporation NC$28.4M · 0.08%
O.R. Colan Associates, LLC NC$27.6M · 0.38%
Grubb Management, LLC NC$21.9M · 0.37%
Allen Tate Real Estate, LLC NC$17.3M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264141876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.