Belmont Village, L.P. 401(k) Review & Grade
Belmont Village, L.P. 401(k) Savings Plan
Houston, TXReal Estate & Rental2,579 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$644Employer $ per active participant
$1,851Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$59.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 21th |
| Employee saving | 27th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $273,095 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Belmont Village, L.P. put in about $644 per active participant, below the typical peer ($1,141). 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 (0.32% of assets) are well above similar-size plans (0.12%). 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 | $1,661,936 |
| Participant (employee) contributions | $4,773,685 |
| Other contributions (incl. rollovers in) | $182,091 |
| Administrative expenses paid from the plan | $179,442 |
| Investment advisory & management fees | $50,445 |
| Benefits paid out | $5,390,621 |
| Net assets, start / end of year | $51.8M / $59.2M |
| Active participants, start / end of year | 2,470 / 2,688 |
| Participants with account balances | 1,253 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $104,847 reported compensation |
| Empower Advisory Group, LLC | $50,445 reported compensation |
| Crowe LLP | $24,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010094337NAL0004472787001, received 2025-10-10, EIN 74-2868232, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.