Plan Ledger DOL Form 5500 · updated monthly

Horning Management Company, LLC401(k)

HORNING MANAGEMENT COMPANY, LLC PROFIT SHARING PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Horning Management Company, LLC reported $42,923 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $1,187 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 0.59% to 0.55%. 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 District of Columbia (474th of 618), and 1,253rd of 2,096 in real estate & leasing. In 2024, employees put in $3.12 for every $1.00 the employer contributed; active participation has grown from 165 to 182 since 2022.

Plan summary
Net assets, end of year$8,035,289
Participants with balances184
Active participants182
Employer contributions$216,022
Employee contributions$673,161
Employer contribution per active participant$1,187
Average account balance$43,670
Benefits paid to participants$1,332,700
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 184 accts · $216K emplr
2023$7.6M · 174 accts · $236K emplr
2022$7.2M · 171 accts · $244K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,228
Investment management$17,695
Total administrative$42,923
The Horning Management Company, LLC 401(k) match · 2024
Employer contribution per active participant$1,187
Median for plans this size$1,313
2024$1,187 per active participant
2023$1,512 per active participant
2022$1,482 per active participant

Horning Management Company, LLC's 2024 employer contribution ran below 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
ADP, INC. · Loan processing · Recordkeeping$25,228
KESTRA ADVISORY SERVICES · Recordkeeping · Trustee$17,694
ADP BROKER-DEALERindirect 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
2024ADP, KESTRA ADVISORY SERVICES
2023ADP, KESTRA ADVISORY SERVICES

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Administrative cost history3
2024$42,923 · 0.55%
2023$31,752 · 0.43%
2022$47,474 · 0.59%
Same employer
Similar plansReal Estate & Leasing · District of Columbia
The Oliver Carr Company DC$12.6M · 0.27%
Streetsense, LLC DC$9.8M · 0.68%
Asurity Technologies, LLC DC$8.3M · 0.58%
Dantes Partners, LLC DC$942K · 1.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271413972 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.