Plan Ledger DOL Form 5500 · updated monthly

Preit Services, LLC401(k)

PREIT SERVICES, LLC PROFIT-SHARING 401(K) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Preit Services, LLC reported $49,618 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $3,377 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 0.03% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 748th-largest of 3,651 plans among Pennsylvania employers on file, and the 272nd of 2,096 in real estate & leasing. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 147 to 194 since 2022.

Plan summary
Net assets, end of year$53,117,549
Participants with balances291
Active participants194
Employer contributions$655,198
Employee contributions$1,431,173
Employer contribution per active participant$3,377
Average account balance$182,535
Benefits paid to participants$6,414,843
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.1M · 291 accts · $655K emplr
2023$50.3M · 314 accts · $749K emplr
2022$50.8M · 336 accts · $749K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,047
Investment management$6,571
Total administrative$49,618
The Preit Services, LLC 401(k) match · 2024
Employer contribution per active participant$3,377
Median for plans this size$3,635
2024$3,377 per active participant
2023$5,240 per active participant
2022$5,098 per active participant

Preit Services, LLC's 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,774
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,571

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$49,618 · 0.10%
2023$27,437 · 0.05%
2022$17,397 · 0.03%
Same employer
Similar plansReal Estate & Leasing · Pennsylvania
Brandywine Realty Trust PA$71.1M · 0.09%
Connectamerica.com, LLC PA$64.3M · 0.38%
Cubesmart, L.P. PA$59.7M · 0.51%
Shk Management, Inc. PA$49.3M · 0.39%
Lcor Incorporated PA$49.1M · 0.07%
Exeter Property Group, LLC PA$42.0M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 233075151 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.