Plan Ledger DOL Form 5500 · updated monthly

Southeastern Property Management LLC401(k)

SOUTHEASTERN PROPERTY MANAGEMENT LLC 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
1.05%

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

Southeastern Property Management LLC reported $153,381 in plan administrative expenses for 2024: 1.05% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,129 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 0.68% to 1.05%. 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 348th-largest of 902 plans among Alabama employers on file, and the 809th of 2,096 in real estate & leasing. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,930,128
Participants with balances369
Active participants705
Employer contributions$796,185
Employee contributions$1,706,539
Employer contribution per active participant$1,129
Average account balance$43,171
Benefits paid to participants$1,679,299
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 369 accts · $796K emplr
2023$13.3M · 347 accts · $719K emplr
2022$10.1M · 349 accts · $703K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,269
Total administrative$153,381
The Southeastern Property Management LLC 401(k) match · 2024
Employer contribution per active participant$1,129
Median for plans this size$2,416
2024$1,129 per active participant
2023$1,168 per active participant
2022$1,033 per active participant

Southeastern Property Management LLC'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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$46,405
STONES RIVER CONSULTING · Recordkeeping · Loan processing$8,787
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$87,759
BLACK & PINCKARD LLC · Accounting / audit$11,000

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

Recordkeeper by year2
2024STONES RIVER CONSULTING, Transamerica
2023STONES RIVER CONSULTING, Transamerica

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Administrative cost history3
2024$153,381 · 1.05%
2023$89,512 · 0.77%
2022$70,823 · 0.68%
Same employer
Similar plansReal Estate & Leasing · Alabama
The Barber Companies, Inc. AL$22.2M · 0.31%
Arlington Properties, Inc. AL$17.1M · 0.66%
Craneworks, Inc. AL$12.1M · 0.63%
Metro Mini Storage AL$8.6M · 0.52%
Crowne Partners, Inc. AL$6.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630755228 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.