Plan Ledger DOL Form 5500 · updated monthly

Silvercrest Properties, LLC401(k)

SILVERCREST PROPERTIES 401(K) PROFIT SHARING PLAN · ST. LOUIS PARK, MN · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Silvercrest Properties, LLC reported $25,538 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $228 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 fell from 0.53% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,539th of 1,918), and 7,526th of 11,911 in health care & social assistance. In 2024, employees put in $5.08 for every $1.00 the employer contributed; active participation has grown from 401 to 543 since 2022.

Plan summary
Net assets, end of year$5,692,422
Participants with balances176
Active participants543
Employer contributions$123,891
Employee contributions$628,818
Employer contribution per active participant$228
Average account balance$32,343
Benefits paid to participants$534,514
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY ULBRICH CHRISTIANSEN & RUSS
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 176 accts · $124K emplr
2023$4.9M · 154 accts · $106K emplr
2022$4.5M · 149 accts · $101K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,425
Investment management$21,113
Total administrative$25,538
The Silvercrest Properties, LLC 401(k) match · 2024
Employer contribution per active participant$228
Median for plans this size$1,313
2024$228 per active participant
2023$276 per active participant
2022$252 per active participant

Silvercrest Properties, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$15,887
CHRISTENSEN GROUP FINANCIAL, L · Investment advisory (plan)$21,113

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Silvercrest Properties, 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$25,538 · 0.48%
2023$24,441 · 0.52%
2022$26,984 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Accurate Home Care, LLC MN$5.9M · 0.82%
Samaritan Bethany, Inc. MN$5.8M · 0.69%
Touchstone Mental Health MN$5.8M · 1.09%
Think Small MN$5.5M · 0.76%
Pioneer Home, Inc. MN$5.5M · 0.60%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411911238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.