Plan Ledger DOL Form 5500 · updated monthly

Titlesmart, Inc.401(k)

TITLESMART, INC. 401(K) PLAN · WHITE BEAR LAKE, MN · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Titlesmart, Inc. reported $34,033 in plan administrative expenses for 2023: 0.80% of average plan assets, above the peer median. Employer contributions averaged $2,965 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 0.799%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Minnesota (1,625th of 1,918), and 1,571st of 2,096 in real estate & leasing. In 2023, employees put in $1.95 for every $1.00 the employer contributed; active participation has shrunk from 68 to 56 since 2022.

Plan summary
Net assets, end of year$4,552,942
Participants with balances136
Active participants56
Employer contributions$166,039
Employee contributions$324,078
Employer contribution per active participant$2,965
Average account balance$33,478
Benefits paid to participants$547,188
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $45K emplr
2023$4.6M · 136 accts · $166K emplr
2022$4.0M · 136 accts · $265K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,337
Investment management$20,696
Trustee / custodial$2,000
Total administrative$34,033
The Titlesmart, Inc. 401(k) match · 2023
Employer contribution per active participant$2,965
Median for plans this size$1,308
2023$2,965 per active participant
2022$3,895 per active participant

Titlesmart, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT TRUST COMPANY · Contract administrator · Trustee (directed)$23,499
TOTAL WEALTH ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$10,534

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

Administrative cost history3
2024Not separately reported
2023$34,033 · 0.80%
2022$32,986 · 0.80%
Similar plansReal Estate & Leasing · Minnesota
Brutger Equities, Inc. MN$6.2M · 0.92%
Shelter Corporation MN$3.8M · 0.73%
Lang Nelson & Associates MN$3.7M · 0.08%
Doran Management, LLC MN$3.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208380758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.