Plan Ledger DOL Form 5500 · updated monthly

Liv Communities LLC401(k)

LIV COMMUNITIES 401(K) PROFIT SHARING PLAN · GRAND HAVEN, MI · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Liv Communities LLC reported $30,896 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,616 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 0.33% to 0.30%. 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 Michigan (1,485th of 2,619), and 1,062nd of 2,096 in real estate & leasing. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 89 to 110 since 2022.

Plan summary
Net assets, end of year$10,754,121
Participants with balances143
Active participants110
Employer contributions$287,756
Employee contributions$660,519
Employer contribution per active participant$2,616
Average account balance$75,204
Benefits paid to participants$967,090
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 143 accts · $288K emplr
2023$9.6M · 133 accts · $237K emplr
2022$8.9M · 192 accts · $478K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,157
Investment management$739
Total administrative$30,896
The Liv Communities LLC 401(k) match · 2024
Employer contribution per active participant$2,616
Median for plans this size$2,416
2024$2,616 per active participant
2023$3,244 per active participant
2022$5,372 per active participant

Liv Communities LLC's 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,157

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$30,896 · 0.30%
2023$27,591 · 0.30%
2022$31,354 · 0.33%
Similar plansReal Estate & Leasing · Michigan
Easy Ice, LLC MI$13.4M · 0.52%
Star Truck Rentals, Inc. MI$13.2M · 0.58%
Rhp Staffing Company MI$12.3M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261514930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.