Elmington Property Management 401(k) Review & Grade
Elmington Property Management 401(k) Profit Sharing Plan & Trust
Nashville, TNReal Estate & Rental828 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$299Employer $ per active participant
$1,237Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$4.9MNet plan assets, end of year
$7,006Average balance per account
Score breakdown
- Employer generosity6.4 / 5013th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 14th |
| Employee saving | 13th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $293,639 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Elmington Property Management put in about $299 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.66% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $247,667 |
| Participant (employee) contributions | $1,023,666 |
| Other contributions (incl. rollovers in) | $527,056 |
| Administrative expenses paid from the plan | $32,174 |
| Investment advisory & management fees | $14,365 |
| Other admin expenses | $17,809 |
| Benefits paid out | $1,631,214 |
| Net assets, start / end of year | $4.7M / $4.9M |
| Active participants, start / end of year | 861 / 794 |
| Participants with account balances | 706 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kendra G. Melnyk, CPA |
Largest service providers (Schedule C)
| Ascensus Holdings Inc DBA Futurepla | $17,177 reported compensation |
| Empower Advisory Group, LLC | $8,099 reported compensation |
| The Hays Financial Group, LLC | $6,265 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916152419NAL0003228784001, received 2025-09-16, EIN 46-1721587, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.