Plan Ledger DOL Form 5500 · updated monthly

Highmark Residential, LLC401(k)

HIGHMARK RESIDENTIAL 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Highmark Residential, LLC reported $168,410 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $849 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 0.52%. 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 1,393rd-largest of 5,688 plans among Texas employers on file, and the 409th of 2,096 in real estate & leasing. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 1,787 to 2,177 since 2022.

Plan summary
Net assets, end of year$34,277,284
Participants with balances991
Active participants2,177
Employer contributions$1,848,999
Employee contributions$3,335,174
Employer contribution per active participant$849
Average account balance$34,589
Benefits paid to participants$6,151,008
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.3M · 991 accts · $1.8M emplr
2023$31.1M · 884 accts · $1.6M emplr
2022$26.2M · 821 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$160,081
Investment management$6,762
Total administrative$168,410
The Highmark Residential, LLC 401(k) match · 2024
Employer contribution per active participant$849
Median for plans this size$2,416
2024$849 per active participant
2023$750 per active participant
2022$811 per active participant

Highmark Residential, LLC's 2024 employer contribution ran below the $2,416 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
MILLIMAN, INC. · Recordkeeping · Pension consulting$166,843
CHARLES SCHWAB TRUST BANK · Trustee (directed) · Custodial (securities)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$168,410 · 0.52%
2023$129,605 · 0.45%
2022$139,637 · 0.50%
Same employer
Similar plansReal Estate & Leasing · Texas
Metro National Corporation TX$38.0M · 0.20%
Hall Financial Group, LTD TX$37.4M · 0.02%
Testequity LLC TX$30.2M · 0.37%
Realmanage, LLC TX$29.7M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870736673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.