Conifer Realty LLC 401(k) Review & Grade
Conifer Realty LLC Retirement Savings Plan
Rochester, NYReal Estate & Rental514 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$994Employer $ per active participant
$5,045Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$24.6MNet plan assets, end of year
$31,605Average balance per account
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 17th |
| Employee saving | 67th |
| 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
- Conifer Realty put in about $994 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 (0.62% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $511,508 |
| Participant (employee) contributions | $2,595,498 |
| Other contributions (incl. rollovers in) | $195,999 |
| Administrative expenses paid from the plan | $146,345 |
| Investment advisory & management fees | $58,007 |
| Benefits paid out | $4,592,653 |
| Net assets, start / end of year | $23.0M / $24.6M |
| Active participants, start / end of year | 509 / 520 |
| Participants with account balances | 777 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Flaherty Salmin, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $77,838 reported compensation |
| Ubs Financial Services Inc | $58,007 reported compensation |
| Salmin, Et Al | $10,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724121940NAL0002453571001, received 2025-07-24, EIN 16-1595525, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.