Plan Ledger DOL Form 5500 · updated monthly

Hsl Asset Management LLC401(k)

HSL ASSET MANAGEMENT L.L.C. 401(K) PLAN · TUCSON, AZ · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

Hsl Asset Management LLC reported $68,026 in plan administrative expenses for 2024: 1.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $329 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 1.38% to 1.23%. 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 Arizona (758th of 1,285), and 1,394th of 2,096 in real estate & leasing. In 2024, employees put in $3.22 for every $1.00 the employer contributed; active participation has grown from 728 to 829 since 2022.

Plan summary
Net assets, end of year$6,285,139
Participants with balances215
Active participants829
Employer contributions$272,487
Employee contributions$877,108
Employer contribution per active participant$329
Average account balance$29,233
Benefits paid to participants$421,440
Plan auditUnmodified (clean) audit opinion
AuditorBEACHFLEISCHMAN
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 215 accts · $272K emplr
2023$4.8M · 187 accts · $225K emplr
2022$2.9M · 108 accts · $130K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,026
Total administrative$68,026
The Hsl Asset Management LLC 401(k) match · 2024
Employer contribution per active participant$329
Median for plans this size$1,313
2024$329 per active participant
2023$275 per active participant
2022$179 per active participant

Hsl Asset Management LLC's 2024 employer contribution ran below the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$68,026
RBC CAPITAL MARKETS, LLC · Investment advisory (plan)indirect comp

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$68,026 · 1.23%
2023$48,442 · 1.27%
2022$40,740 · 1.38%
Similar plansReal Estate & Leasing · Arizona
Lessen, Inc. AZ$6.7M · 1.52%
Lge Corporation AZ$6.7M · 0.93%
Effem Corporation AZ$6.4M · 0.48%
Realty One Group, Inc. AZ$5.9M · 0.45%
Mainstay Labs Inc. AZ$5.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020545387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.