Plan Ledger DOL Form 5500 · updated monthly

Property Brands401(k)

INHABIT IQ 401(K) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

Property Brands reported $114,383 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,169 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 0.22% to 0.77%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 599th-largest of 1,496 plans among Tennessee employers on file, and the 743rd of 2,096 in real estate & leasing. In 2024, employees put in $4.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,782,070
Participants with balances833
Active participants738
Employer contributions$862,681
Employee contributions$4,145,556
Employer contribution per active participant$1,169
Average account balance$21,347
Benefits paid to participants$1,844,798
Plan auditUnmodified (clean) audit opinion
AuditorKRUGGEL AND LAWTON CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$17.8M · 833 accts · $863K emplr
2023$12.1M · 800 accts · $1.7M emplr
2022$5.1M · 773 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,919
Investment management$58,464
Total administrative$114,383
The Property Brands 401(k) match · 2024
Employer contribution per active participant$1,169
Median for plans this size$2,416
2024$1,169 per active participant
2023$2,212 per active participant
2022$1,475 per active participant

Property Brands's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
RATHER & KITTRELL, INC. · Investment advisory (plan)$53,580
EMPOWER ANNUITY INSURANCE COMPANY · Investment management$47,137
TENNESSEE PENSION ADMINISTRATORS, L · Contract administrator$9,353

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$114,383 · 0.77%
2023$88,636 · 1.03%
2022$11,232 · 0.22%
Same employer
Similar plansReal Estate & Leasing · Tennessee
Realty Trust Group, LLC TN$20.1M · 0.11%
Highland Ventures, LTD. TN$18.7M · 0.27%
Novatech Inc. TN$18.6M · 0.23%
The Mathews Company, LLC TN$13.7M · 0.66%
Crye-Leike, Inc. TN$13.5M · 0.71%
Lhp Management, LLC TN$13.4M · 0.91%
Alco Management, Inc. TN$12.5M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843328313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.