Plan Ledger DOL Form 5500 · updated monthly

Mac Property Management, LLC401(k)

MAC PROPERTY MANAGEMENT 401(K) SAVINGS PLAN · ENGLEWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Mac Property Management, LLC reported $76,559 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,002 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 0.58%. 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 New Jersey (1,293rd of 2,419), and the 884th of 2,096 in real estate & leasing. In 2024, employees put in $2.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,181,760
Participants with balances191
Active participants412
Employer contributions$412,750
Employee contributions$961,947
Employer contribution per active participant$1,002
Average account balance$74,250
Benefits paid to participants$1,000,886
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 191 accts · $413K emplr
2023$12.0M · 195 accts · $397K emplr
2022$9.3M · 181 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,151
Investment management$32,408
Total administrative$76,559
The Mac Property Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,002
Median for plans this size$2,416
2024$1,002 per active participant
2023$931 per active participant
2022$979 per active participant

Mac Property Management, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
ROTHSCHILD INVESTMENT CORPORATION · Investment advisory (plan)$25,629
EMPOWER ADVISORY GROUP, LLC · Investment management$6,779

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$76,559 · 0.58%
2023$59,214 · 0.56%
2022$57,640 · 0.57%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Ingerman Management Company NJ$15.7M · 0.24%
Russo Development, LLC NJ$15.7M · 0.09%
Matrix Realty Inc. NJ$15.2M · 0.02%
The Jack Parker Corporation NJ$12.9M · 0.37%
Party Rental LTD. NJ$11.8M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050533297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.