Cummings Properties, LLC 401(k) Review & Grade
Cummings Properties, LLC 401(k) Plan
Woburn, MAReal Estate & Rental512 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,785Employer $ per active participant
$8,604Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$94.5MNet plan assets, end of year
$150,260Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 84th |
| Employee saving | 90th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cummings Properties put in about $3,785 per active participant, more than the typical peer ($1,279). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,939,560 |
| Participant (employee) contributions | $4,409,584 |
| Other contributions (incl. rollovers in) | $598,658 |
| Administrative expenses paid from the plan | $54,390 |
| Benefits paid out | $5,407,676 |
| Net assets, start / end of year | $80.7M / $94.5M |
| Active participants, start / end of year | 474 / 551 |
| Participants with account balances | 629 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Litmangerson Associates, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $43,390 reported compensation |
| Litmangerson Associates, LLP | $11,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250708112326NAL0002210307001, received 2025-07-08, EIN 04-2916271, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.