Plan Ledger DOL Form 5500 · updated monthly

Hayloft Property Management Co.401(k)

HAYLOFT PROPERTY MANAGEMENT CO. 401(K) PROFIT SHARING PLAN · TEA, SD · plan year 2024

Reported admin expense ratio · 2024
2.14%

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

Hayloft Property Management Co. reported $39,848 in plan administrative expenses for 2024: 2.14% of average plan assets, higher than ~90% of peers. Employer contributions averaged $630 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 2.14%. 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 South Dakota (218th of 233), and 1,864th of 2,096 in real estate & leasing. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has shrunk from 161 to 105 since 2022.

Plan summary
Net assets, end of year$1,953,610
Participants with balances77
Active participants105
Employer contributions$66,098
Employee contributions$84,563
Employer contribution per active participant$630
Average account balance$25,372
Benefits paid to participants$239,746
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM & BARENSHEER PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 77 accts · $66K emplr
2023$1.8M · 243 accts · $52K emplr
2022$1.5M · 218 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,871
Audit (IQPA)$13,487
Trustee / custodial$22,490
Total administrative$39,848
The Hayloft Property Management Co. 401(k) match · 2024
Employer contribution per active participant$630
Median for plans this size$1,313
2024$630 per active participant
2023$593 per active participant
2022$313 per active participant

Hayloft Property Management Co.'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 · 20243
FIRST INTERSTATE BANK · Trustee$22,490
BOYUM & BARENSHEER PLLP · Accounting / audit$13,487

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$39,848 · 2.14%
2023$24,481 · 1.50%
2022$33,196 · 2.06%
Similar plansReal Estate & Leasing · South Dakota
Lloyd Companies, Inc. SD$19.7M · 0.25%
Eh Holdco LLC IL$2.0M · 0.31%
Lloyd Management, Inc. MN$2.0M · 0.10%
Lynd Management Group LLC TX$2.0M · 2.11%
Hunt Enterprises, Inc. CA$1.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460393506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.