Plan Ledger DOL Form 5500 · updated monthly

Westover Property Management Com401(k)

WESTOVER PROPERTY MANAGEMENT COMPANY LP RETIREMENT PLAN · KING OF PRUSSIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Westover Property Management Com reported $23,006 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,438 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 0.09% to 0.20%. 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 among the smaller plans on file in Pennsylvania (2,035th of 3,651), and the 944th of 2,096 in real estate & leasing. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,831,071
Participants with balances343
Active participants395
Employer contributions$567,910
Employee contributions$1,089,974
Employer contribution per active participant$1,438
Average account balance$37,408
Benefits paid to participants$888,302
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 343 accts · $568K emplr
2023$10.4M · 370 accts · $486K emplr
2022$7.5M · 267 accts · $384K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,006
Total administrative$23,006
The Westover Property Management Com 401(k) match · 2024
Employer contribution per active participant$1,438
Median for plans this size$2,416
2024$1,438 per active participant
2023$1,230 per active participant
2022$1,043 per active participant

Westover Property Management Com's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$12,535

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,006 · 0.20%
2023$11,154 · 0.12%
2022$7,059 · 0.09%
Similar plansReal Estate & Leasing · Pennsylvania
Nappen & Associates PA$12.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472292654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.