Plan Ledger DOL Form 5500 · updated monthly

Main Street Property Group LLC401(k)

MAINSTREET, INSITE, GENCAP 401(K) PLAN · KIRKLAND, WA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Main Street Property Group LLC reported $52,999 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $7,769 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 fell from 0.71% to 0.65%. 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 Washington (1,110th of 1,714), and 1,149th of 2,096 in real estate & leasing. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,337,438
Participants with balances153
Active participants123
Employer contributions$955,614
Employee contributions$976,131
Employer contribution per active participant$7,769
Average account balance$61,029
Benefits paid to participants$605,497
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$9.3M · 153 accts · $956K emplr
2023$6.9M · 146 accts · $21K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,694
Investment management$36,305
Total administrative$52,999
The Main Street Property Group LLC 401(k) match · 2024
Employer contribution per active participant$7,769
Median for plans this size$1,313
2024$7,769 per active participant
2023$176 per active participant

Main Street Property Group LLC'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$35,250
EMPOWER ADVISORY GROUP, LLC · Investment management$1,055

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

Administrative cost history2
2024$52,999 · 0.65%
2023$40,972 · 0.71%
Same employer
Similar plansReal Estate & Leasing · Washington
Bellwether Housing WA$9.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274333531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.