Plan Ledger DOL Form 5500 · updated monthly

Msre Management, LLC401(k)

MSRE MANAGEMENT, LLC 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Msre Management, LLC reported $70,873 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,090 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 0.59%. 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 Washington (957th of 1,714), and the 973rd of 2,096 in real estate & leasing. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has shrunk from 307 to 180 since 2022.

Plan summary
Net assets, end of year$12,316,946
Participants with balances145
Active participants180
Employer contributions$376,119
Employee contributions$736,292
Employer contribution per active participant$2,090
Average account balance$84,944
Benefits paid to participants$1,734,943
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 145 accts · $376K emplr
2023$11.7M · 135 accts · $354K emplr
2022$9.5M · 130 accts · $328K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,869
Investment management$28,750
Total administrative$70,873
The Msre Management, LLC 401(k) match · 2024
Employer contribution per active participant$2,090
Median for plans this size$2,416
2024$2,090 per active participant
2023$1,225 per active participant
2022$1,070 per active participant

Msre Management, LLC's 2024 employer contribution ran below the $2,416 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
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$46,003
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,595
ORENDA RETIREMENT, LLC · Other services · Contract administrator$1,675

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$70,873 · 0.59%
2023$60,913 · 0.57%
2022$64,082 · 0.58%
Same employer
Similar plansReal Estate & Leasing · Washington
John L. Scott, Inc. WA$14.1M · 0.37%
Jsh Properties, Inc. WA$11.7M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453753930 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.