Plan Ledger DOL Form 5500 · updated monthly

Mc Residential Communities, LLC401(k)

RETIREMENT INCOME SECURITY PLAN-MC RESIDENTIAL COMMUNITIES, LLC · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Mc Residential Communities, LLC reported $18,618 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,305 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 rose from 0.48% to 0.54%. 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 (924th of 1,285), and 1,672nd of 2,096 in real estate & leasing. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has shrunk from 303 to 236 since 2022.

Plan summary
Net assets, end of year$3,649,454
Participants with balances145
Active participants236
Employer contributions$307,967
Employee contributions$499,397
Employer contribution per active participant$1,305
Average account balance$25,169
Benefits paid to participants$751,390
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 145 accts · $308K emplr
2023$3.3M · 156 accts · $257K emplr
2022$2.7M · 131 accts · $214K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,305
Investment management$676
Trustee / custodial$637
Total administrative$18,618
The Mc Residential Communities, LLC 401(k) match · 2024
Employer contribution per active participant$1,305
Median for plans this size$1,313
2024$1,305 per active participant
2023$1,071 per active participant
2022$707 per active participant

Mc Residential Communities, LLC's 2024 employer contribution ran below 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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$8,859
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$8,446
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$637

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,618 · 0.54%
2023$14,616 · 0.49%
2022$13,100 · 0.48%
Same employer
Similar plansReal Estate & Leasing · Arizona
Driggs Title Agency, Inc. AZ$4.6M · 0.71%
Rise, Inc. AZ$4.5M · 1.46%
Inspire Communities, LLC AZ$4.0M · 0.67%
Axis Portable Air LLC AZ$3.3M · 0.26%
Cohere Life, Inc. AZ$3.1M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 861034896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.