Plan Ledger DOL Form 5500 · updated monthly

Home Leasing, LLC401(k)

HOME LEASING, LLC 401(K) SAVINGS PLAN · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Home Leasing, LLC reported $75,207 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,598 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 fell from 1.23% to 1.01%. 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 New York (3,915th of 5,648), and 1,258th of 2,096 in real estate & leasing. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 177 to 204 since 2022.

Plan summary
Net assets, end of year$8,000,348
Participants with balances229
Active participants204
Employer contributions$325,917
Employee contributions$761,568
Employer contribution per active participant$1,598
Average account balance$34,936
Benefits paid to participants$1,008,557
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 229 accts · $326K emplr
2023$6.9M · 231 accts · $293K emplr
2022$5.0M · 216 accts · $312K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,973
Investment management$31,534
Audit (IQPA)$14,700
Total administrative$75,207
The Home Leasing, LLC 401(k) match · 2024
Employer contribution per active participant$1,598
Median for plans this size$1,313
2024$1,598 per active participant
2023$1,674 per active participant
2022$1,764 per active participant

Home Leasing, LLC's 2024 employer contribution ran above the $1,313 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,973
WILMINGTON TRUST NATIONAL ASSOC · Investment advisory (plan)$28,898
INSERO & CO · Accounting / audit$14,700

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$75,207 · 1.01%
2023$59,907 · 1.01%
2022$67,095 · 1.23%
Same employer
Similar plansReal Estate & Leasing · New York
Dawn Homes Management LLC NY$8.6M · 0.15%
Unmb Home Loans Inc. NY$8.4M · 0.90%
The Cabot Group As Agent NY$8.3M · 0.43%
Acquest Holdings Inc NY$7.9M · 0.02%
Urban Associates, LLC NY$7.1M · 0.53%
Pr Common LLC NY$6.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743109665 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.