Plan Ledger DOL Form 5500 · updated monthly

Parkway Property Investments, LLC401(k)

PARKWAY PROPERTY INVESTMENTS, LLC 401(K) PROFIT SHARING RETIREMENT PLAN · JACKSONVILLE, FL · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Parkway Property Investments, LLC reported $42,475 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $947 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 0.25% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,306th-largest of 3,644 plans among Florida employers on file, and the 795th of 2,096 in real estate & leasing. In 2023, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 164 to 316 since 2022.

Plan summary
Net assets, end of year$16,138,210
Participants with balances484
Active participants316
Employer contributions$299,350
Employee contributions$678,233
Employer contribution per active participant$947
Average account balance$33,343
Benefits paid to participants$3,453,352
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 196 accts
2023$16.1M · 484 accts · $299K emplr
2022$15.9M · 276 accts · $523K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,475
Total administrative$42,475
The Parkway Property Investments, LLC 401(k) match · 2023
Employer contribution per active participant$947
Median for plans this size$2,440
2023$947 per active participant
2022$3,190 per active participant

Parkway Property Investments, LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
WATER OAK ADVISORS · Investment advisory (plan)$40,999
CARPENTER MORSE GROUP · Contract administrator$4,700
EQUITABLE ADVISORS LLCindirect comp

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$82,973 · 0.53%
2023$42,475 · 0.27%
2022$46,285 · 0.25%
Same employer
Similar plansReal Estate & Leasing · Florida
Ifco Systems US, LLC FL$18.6M · 0.51%
Castle Management, LLC FL$18.4M · 0.89%
Wrh Realty Services, Inc. FL$17.9M · 0.58%
Vacation Innovations, LLC FL$15.7M · 0.47%
Cpg Property Services LLC FL$15.4M · 0.61%
Watson Realty Corp. FL$14.7M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822982849 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.