Plan Ledger DOL Form 5500 · updated monthly

Housing Management Resources, Inc.401(k)

HOUSING MANAGEMENT RESOURCES, INC. 401(K) SAVINGS PLAN · N. QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Housing Management Resources, Inc. reported $78,023 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,151 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 0.60%. 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 among the smaller plans on file in Massachusetts (1,591st of 2,726), and the 890th of 2,096 in real estate & leasing. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,015,198
Participants with balances323
Active participants265
Employer contributions$569,928
Employee contributions$1,091,683
Employer contribution per active participant$2,151
Average account balance$43,391
Benefits paid to participants$1,082,831
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 323 accts · $570K emplr
2023$12.0M · 351 accts · $584K emplr
2022$9.9M · 350 accts · $549K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,074
Investment management$15,949
Total administrative$78,023
The Housing Management Resources, Inc. 401(k) match · 2024
Employer contribution per active participant$2,151
Median for plans this size$2,416
2024$2,151 per active participant
2023$2,021 per active participant
2022$1,873 per active participant

Housing Management Resources, Inc.'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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$64,785
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$13,238

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$78,023 · 0.60%
2023$66,690 · 0.61%
2022$59,783 · 0.57%
Same employer
Similar plansReal Estate & Leasing · Massachusetts
Markley Lowell, LLC MA$17.5M · 0.07%
Ppc Event Services, Inc. MA$14.7M · 0.53%
A.D. Makepeace Company MA$13.6M · 0.27%
Gatehouse Management, Inc. MA$13.4M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364487673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.