Plan Ledger DOL Form 5500 · updated monthly

Scannell Development Company401(k)

SCANNELL DEVELOPMENT COMPANY 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Scannell Development Company reported $137,732 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,258 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 3 years on file its reported administrative ratio has held roughly steady near 0.48%. 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 411th-largest of 1,562 plans among Indiana employers on file, and the 430th of 2,096 in real estate & leasing. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,915,621
Participants with balances143
Active participants128
Employer contributions$1,313,030
Employee contributions$1,982,946
Employer contribution per active participant$10,258
Average account balance$223,186
Benefits paid to participants$123,618
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 143 accts · $1.3M emplr
2023$25.2M · 132 accts · $1.3M emplr
2022$19.2M · 136 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,646
Investment management$83,086
Total administrative$137,732
The Scannell Development Company 401(k) match · 2024
Employer contribution per active participant$10,258
Median for plans this size$2,416
2024$10,258 per active participant
2023$9,598 per active participant
2022$9,304 per active participant

Scannell Development Company's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$83,064
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$54,369
CBIZ BENEFITS & INS SERVICES IN · Contract administrator · Other services$300
AMERICAN PENSION ADVISORS, LTD · Other servicesindirect 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$137,732 · 0.48%
2023$105,565 · 0.48%
2022$90,708 · 0.47%
Same employer
Similar plansReal Estate & Leasing · Indiana
Simon Property Group, L.P. IN$597.6M · 0.20%
Duke Realty Corporation IN$123.0M · 0.02%
Krg Management, LLC IN$45.7M · 0.40%
F.C. Tucker Company LLC. IN$26.6M · 0.00%
Kpg Corp. IN$22.9M · 0.53%
Sterling Management, LTD. IN$18.3M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351919834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.