Plan Ledger DOL Form 5500 · updated monthly

Nals Apartment Homes, LLC401(k)

NALS APARTMENT HOMES, LLC 401(K) PROFIT SHARING PLAN & TRUST · SANTA BARBARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Nals Apartment Homes, LLC reported $42,367 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $694 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 0.34% to 0.26%. 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 the 3,973rd-largest of 9,483 plans among California employers on file, and the 749th of 2,096 in real estate & leasing. In 2024, employees put in $3.07 for every $1.00 the employer contributed; active participation has grown from 415 to 474 since 2022.

Plan summary
Net assets, end of year$17,534,888
Participants with balances216
Active participants474
Employer contributions$328,868
Employee contributions$1,009,187
Employer contribution per active participant$694
Average account balance$81,180
Benefits paid to participants$761,954
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 216 accts · $329K emplr
2023$15.0M · 217 accts · $313K emplr
2022$12.1M · 211 accts · $290K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,867
Investment management$20,600
Audit (IQPA)$16,900
Total administrative$42,367
The Nals Apartment Homes, LLC 401(k) match · 2024
Employer contribution per active participant$694
Median for plans this size$2,416
2024$694 per active participant
2023$705 per active participant
2022$698 per active participant

Nals Apartment Homes, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
USI ADVISORS, INC. · Investment advisory (plan)$20,600
HUTCHINSON AND BLOODGOOD LLP · Accounting / audit$16,900
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,867

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$42,367 · 0.26%
2023$29,017 · 0.21%
2022$44,699 · 0.34%
Similar plansReal Estate & Leasing · California
Cai International, Inc. CA$18.2M · 0.44%
Apartment List, Inc. CA$17.2M · 0.24%
Vpm Management, Inc. CA$16.1M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800876815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.