Green Courte Residential Holdings, 401(k) Review & Grade
Green Courte Residential Holdings, LLC 401(k) Plan
Clearwater, FLReal Estate & Rental657 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$445Employer $ per active participant
$1,511Employee $ saved per active participant
0.87%Direct admin cost, % of plan assets
$6.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 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 | 18th |
| Lower admin cost | 9th |
| Employee saving | 18th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,877 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Green Courte Residential Holdings, put in about $445 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 (0.87% 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 | $292,447 |
| Participant (employee) contributions | $992,526 |
| Other contributions (incl. rollovers in) | $364,183 |
| Administrative expenses paid from the plan | $47,310 |
| Contract administrator fees | $36,210 |
| Other admin expenses | $11,100 |
| Benefits paid out | $507,520 |
| Net assets, start / end of year | $4.6M / $6.3M |
| Active participants, start / end of year | 595 / 719 |
| Participants with account balances | 197 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $47,310 reported compensation |
| Gallagher Benefit Services Inc | $13,753 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009091435NAL0003777891001, received 2025-10-09, EIN 82-4320312, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.