Greystar Management Services, LLC. 401(k) Review & Grade
Greystar 401(k) Plan
Irving, TXReal Estate & Rental19,816 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,696Employer $ per active participant
$4,136Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$757.4MNet plan assets, end of year
$20,934Average balance per account
Score breakdown
- Employer generosity21.8 / 5044th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 10th |
| Employee saving | 44th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($3,364,849 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
- Greystar Management Services put in about $1,696 per active participant, below the typical peer ($2,229). 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 (0.29% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $33,605,259 |
| Participant (employee) contributions | $81,951,654 |
| Other contributions (incl. rollovers in) | $6,728,355 |
| Administrative expenses paid from the plan | $1,944,375 |
| Contract administrator fees | $1,915,034 |
| Investment advisory & management fees | $21,341 |
| Benefits paid out | $54,304,126 |
| Net assets, start / end of year | $597.9M / $757.4M |
| Active participants, start / end of year | 18,942 / 20,689 |
| Participants with account balances | 36,181 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weinstein Spira & Company, P.C. |
Largest service providers (Schedule C)
| Ascensus LLC | $1,915,069 reported compensation |
| Morgan Stanley Global | $21,341 reported compensation |
| Weinstein Spira | $8,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141359NAL0010006290001, received 2025-10-15, EIN 36-3858273, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.