Plan Ledger DOL Form 5500 · updated monthly

Madera Residential401(k)

MADERA RESIDENTIAL 401(K) PLAN · LUBBOCK, TX · plan year 2024

Reported admin expense ratio · 2024
1.14%

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

Madera Residential reported $78,073 in plan administrative expenses for 2024: 1.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,818 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 1.75% to 1.14%. 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 Texas (3,361st of 5,688), and 1,241st of 2,096 in real estate & leasing. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has shrunk from 549 to 481 since 2022.

Plan summary
Net assets, end of year$8,181,042
Participants with balances282
Active participants481
Employer contributions$874,428
Employee contributions$1,476,843
Employer contribution per active participant$1,818
Average account balance$29,011
Benefits paid to participants$575,704
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON & CO
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 282 accts · $874K emplr
2023$5.5M · 271 accts · $811K emplr
2022$3.0M · 250 accts · $716K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,218
Investment management$2,855
Total administrative$78,073
The Madera Residential 401(k) match · 2024
Employer contribution per active participant$1,818
Median for plans this size$1,313
2024$1,818 per active participant
2023$1,539 per active participant
2022$1,304 per active participant

Madera Residential's 2024 employer contribution ran above the $1,313 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 · 20243
TRANSAMERICA FINANCIAL LIFE INS · Recordkeeping · Loan processing$49,228
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$25,990
RPA FINANCIAL LLC · Investment advisory (plan)$2,855

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024$78,073 · 1.14%
2023$54,907 · 1.29%
2022$32,228 · 1.75%
Same employer
Similar plansReal Estate & Leasing · Texas
Bestway Rental, Inc. TX$8.7M · 0.68%
Encore Enterprises, Inc. TX$8.0M · 0.42%
Capps Rent-A-Car, Inc. TX$7.8M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752458512 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.