Plan Ledger DOL Form 5500 · updated monthly

Hri Properties, LLC401(k)

HRI 401(K) PLAN · NEW ORLEANS, LA · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Hri Properties, LLC reported $198,534 in plan administrative expenses for 2023: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,359 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 has held roughly steady near 0.587%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 163rd-largest of 884 plans among Louisiana employers on file, and the 368th of 2,096 in real estate & leasing. In 2023, employees put in $2.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,907,335
Participants with balances1,540
Active participants1,148
Employer contributions$1,560,506
Employee contributions$3,396,299
Employer contribution per active participant$1,359
Average account balance$24,615
Benefits paid to participants$2,594,375
Plan auditUnmodified (clean) audit opinion
AuditorMALCOLM M. DIENES, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$37.9M · 1,540 accts · $1.6M emplr
2022$29.7M · 1,373 accts · $1.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$149,650
Investment management$35,340
Audit (IQPA)$10,044
Total administrative$198,534
The Hri Properties, LLC 401(k) match · 2023
Employer contribution per active participant$1,359
Median for plans this size$2,440
2023$1,359 per active participant
2022$1,185 per active participant

Hri Properties, LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$149,650
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$28,000
MALCOLM M DIENES, LLC · Accounting / audit$10,044
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,340

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

Administrative cost history2
2023$198,534 · 0.59%
2022$188,187 · 0.59%
Same employer
Similar plansReal Estate & Leasing · Louisiana
Pbc Management, LLC LA$100.6M · 0.25%
Hri Shared Services, LLC LA$44.0M · 0.65%
Affordable Rent-To-Own, LLC LA$25.4M · 0.53%
1ST Lake Properties, Inc. LA$14.7M · 0.44%
Sealy and Company LLC LA$14.0M · 0.36%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364771557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.