Plan Ledger DOL Form 5500 · updated monthly

Premier Housing Management, LLC401(k)

PREMIER HOUSING MANAGEMENT 401(K) PLAN · ST. PAUL, MN · plan year 2023

Reported admin expense ratio · 2023
0.94%

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

Premier Housing Management, LLC reported $19,583 in plan administrative expenses for 2023: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,561 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 0.79% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Minnesota (1,778th of 1,918), and 1,828th of 2,096 in real estate & leasing. In 2023, employees put in $1.74 for every $1.00 the employer contributed; active participation has shrunk from 111 to 98 since 2022.

Plan summary
Net assets, end of year$2,257,915
Participants with balances129
Active participants98
Employer contributions$152,963
Employee contributions$265,556
Employer contribution per active participant$1,561
Average account balance$17,503
Benefits paid to participants$335,741
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY CPA'S AND ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$2.2M · 186 accts · $165K emplr
2023$2.3M · 129 accts · $153K emplr
2022$1.9M · 165 accts · $178K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,583
Total administrative$19,583
The Premier Housing Management, LLC 401(k) match · 2023
Employer contribution per active participant$1,561
Median for plans this size$1,308
2024$1,513 per active participant
2023$1,561 per active participant
2022$1,602 per active participant

Premier Housing Management, LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERCIA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$10,513
TAX SHELTERED COMPENSATION, INC. · Recordkeeping · Loan processing$8,970
MESIROW FINANCIAL, INC. · Investment advisory (plan)$411

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

Recordkeeper by year2
2024John Hancock, TAX SHELTERED COMPENSATION, INC., TRANSAMERCIA FINANCIAL LIFE INSURAN
2023TAX SHELTERED COMPENSATION, INC., TRANSAMERCIA FINANCIAL LIFE INSURAN

This plan has changed recordkeepers within these filings. If you left Premier Housing Management, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,102 · 1.04%
2023$19,583 · 0.94%
2022$15,005 · 0.79%
Similar plansReal Estate & Leasing · Minnesota
Doran Management, LLC MN$3.0M · 0.69%
Trellis Management Co. MN$2.6M · 0.07%
Lloyd Management, Inc. MN$2.0M · 0.10%
Paramark Corp. MN$1.8M · 2.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273531707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.