Apartment Income Reit LLC 401(k) Review & Grade
Air 401(k) Retirement Plan
Denver, COReal Estate & Rental810 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,687Employer $ per active participant
$5,437Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$113.8MNet plan assets, end of year
$81,294Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost20.4 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 81th |
| Employee saving | 71th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($153,042 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Apartment Income Reit put in about $1,687 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,365,875 |
| Participant (employee) contributions | $4,401,643 |
| Other contributions (incl. rollovers in) | $513,758 |
| Administrative expenses paid from the plan | $76,873 |
| Investment advisory & management fees | $50,987 |
| Benefits paid out | $15,041,473 |
| Net assets, start / end of year | $104.8M / $113.8M |
| Active participants, start / end of year | 734 / 885 |
| Participants with account balances | 1,400 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $25,885 reported compensation |
| Cook Street Consulting | $25,000 reported compensation |
| Strategic Advisors, Inc. | $22,387 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250710135856NAL0008754496001, received 2025-07-10, EIN 84-1299717, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.