Plan Ledger DOL Form 5500 · updated monthly

Targa Real Estate Services, Inc.401(k)

TARGA REAL ESTATE SERVICES 401(K) PLAN · FEDERAL WAY, WA · plan year 2025

Reported admin expense ratio · 2025
1.64%

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

Targa Real Estate Services, Inc. reported $30,657 in plan administrative expenses for 2025: 1.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $926 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 has held roughly steady near 1.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Washington (1,550th of 1,714), and 1,829th of 2,096 in real estate & leasing. In 2025, employees put in $2.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,244,009
Participants with balances150
Active participants153
Employer contributions$141,657
Employee contributions$402,230
Employer contribution per active participant$926
Average account balance$14,960
Benefits paid to participants$102,737
Plan auditUnmodified (clean) audit opinion
AuditorJOHN M WATKINS CPA
Plan history2
Yearassets · accounts · employer contribution
2025$2.2M · 150 accts · $142K emplr
2024$1.5M · 134 accts · $134K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$30,657
Total administrative$30,657
The Targa Real Estate Services, Inc. 401(k) match · 2025
Employer contribution per active participant$926
Median for plans this size$1,464
2025$926 per active participant
2024$876 per active participant

Targa Real Estate Services, Inc.'s 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$30,656
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)indirect comp

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

Administrative cost history2
2025$30,657 · 1.64%
2024$20,750 · 1.69%
Similar plansReal Estate & Leasing · Washington
11 Capital, LLC WA$3.6M · 1.29%
Axis Residential, LLC WA$2.1M · 0.24%
Tecton Corporation WA$1.7M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911402161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.