Plan Ledger DOL Form 5500 · updated monthly

Pennrose Management Company401(k)

PENNROSE MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN · PHILADELPHIA, PA · plan year 2023

Reported admin expense ratio · 2023
0.54%

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

Pennrose Management Company reported $77,566 in plan administrative expenses for 2023: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,104 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 1 year on file its reported administrative ratio fell from 0.59% to 0.54%. 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 1,766th-largest of 3,651 plans among Pennsylvania employers on file, and the 803rd of 2,096 in real estate & leasing. In 2023, employees put in $3.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,016,619
Participants with balances570
Active participants469
Employer contributions$517,947
Employee contributions$2,018,177
Employer contribution per active participant$1,104
Average account balance$28,099
Benefits paid to participants$1,199,730
Plan auditUnmodified (clean) audit opinion
AuditorTHE GATTUSO GROUP INC
Plan history2
Yearassets · accounts · employer contribution
2023$16.0M · 570 accts · $518K emplr
2022$12.5M · 477 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$43,898
Investment management$33,668
Total administrative$77,566
The Pennrose Management Company 401(k) match · 2023
Employer contribution per active participant$1,104
Median for plans this size$2,440

Pennrose Management Company'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 · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$43,898
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)$33,062

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$77,566 · 0.54%
2022$76,524 · 0.59%
Same employer
Similar plansReal Estate & Leasing · Pennsylvania
Best Line Leasing, Inc. PA$31.3M · 0.56%
American Realty Capital LLC PA$24.5M · 0.15%
Campus Apartments LLC PA$22.8M · 0.03%
The Pennrose Companies, LLC PA$19.0M · 0.57%
Roosevelt, Inc. PA$15.8M · 0.04%
Scully Company PA$15.0M · 0.54%
Bet Investments PA$14.7M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232241171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.