Plan Ledger DOL Form 5500 · updated monthly

Norwood Management, Inc.401(k)

NORWOOD MANAGEMENT, INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Norwood Management, Inc. reported $88,258 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $4,860 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 0.39% to 0.41%. 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 1,815th-largest of 5,688 plans among Texas employers on file, and the 566th of 2,096 in real estate & leasing. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,469,399
Participants with balances118
Active participants177
Employer contributions$860,264
Employee contributions$1,475,674
Employer contribution per active participant$4,860
Average account balance$198,893
Benefits paid to participants$939,909
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 118 accts · $860K emplr
2023$19.1M · 113 accts · $793K emplr
2022$15.3M · 107 accts · $691K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,006
Investment management$64,252
Total administrative$88,258
The Norwood Management, Inc. 401(k) match · 2024
Employer contribution per active participant$4,860
Median for plans this size$2,416
2024$4,860 per active participant
2023$5,048 per active participant
2022$3,994 per active participant

Norwood Management, Inc.'s 2024 employer contribution ran above the $2,416 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
BKS FINANCIAL INVESTMENTS LLC · Investment advisory (plan)$53,422
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,830

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$88,258 · 0.41%
2023$69,385 · 0.40%
2022$63,952 · 0.39%
Same employer
Similar plansReal Estate & Leasing · Texas
Camillo Properties, LTD TX$24.5M · 0.31%
The Morgan Group Inc. TX$23.3M · 0.42%
Percheron Holdings, LLC TX$21.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760180698 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.