Plan Ledger DOL Form 5500 · updated monthly

Mack Property Management, LP401(k)

MACK PROPERTY MANAGEMENT, LP 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Mack Property Management, LP reported $15,498 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,405 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 1 year on file its reported administrative ratio rose from 0.20% to 0.23%. 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 (693rd of 1,285), and 1,299th of 2,096 in real estate & leasing. In 2024, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,400,611
Participants with balances253
Active participants178
Employer contributions$428,148
Employee contributions$686,010
Employer contribution per active participant$2,405
Average account balance$29,251
Benefits paid to participants$1,027,187
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.4M · 253 accts · $428K emplr
2023$6.3M · 152 accts · $419K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,498
Total administrative$15,498
The Mack Property Management, LP 401(k) match · 2024
Employer contribution per active participant$2,405
Median for plans this size$1,313
2024$2,405 per active participant
2023$2,380 per active participant

Mack Property Management, LP's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
THE VANGUARD GROUP, INC · Loan processing · Recordkeeping$8,732
COMPASS 360, LLC · Loan processing · Plan administrator$15,165

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

Recordkeeper by year2
2024Vanguard
2023COMPASS 360 LLC, Vanguard

This plan has changed recordkeepers within these filings. If you left Mack Property Management, LP before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$15,498 · 0.23%
2023$12,329 · 0.20%
Same employer
Similar plansReal Estate & Leasing · Arizona
M Holding Co. AZ$8.6M · 0.86%
Homelight, Inc. AZ$8.5M · 0.23%
Homesmart Services, LLC AZ$7.0M · 0.35%
Lessen, Inc. AZ$6.7M · 1.52%
Lge Corporation AZ$6.7M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223715659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.