PARKING MANAGEMENT, INC. EMPLOYEES' PROFIT SHARING PLAN · WASHINGTON, DC · plan year 2024
Reported admin expense ratio · 2024
1.27%
Parking Management, Inc. reported $128,884 in plan administrative expenses for 2024: 1.27% of average plan assets, higher than ~90% of peers. 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 1.41% to 1.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in District of Columbia (433rd of 618), and the 1,625th of 3,341 in other services.
Plan summary
Net assets, end of year$10,357,528
Participants with balances516
Active participants99
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$20,073
Benefits paid to participants$751,549
Plan auditUnmodified (clean) audit opinion
AuditorHARITON, MANCUSO & JONES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 516 accts
2023$10.0M · 549 accts
2022$8.8M · 566 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,006
Investment management$74,256
Audit (IQPA)$35,000
Total administrative$128,884
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 · 20244
THOMAS F. BARRETT, INC · Recordkeeping$18,006
RBC CAPITAL MARKETS LLC · Investment advisory (plan)$44,586
Source: U.S. Department of Labor, Form 5500 series, EIN 530230992 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.