Seldin, LLC 401(k) Review & Grade
Seldin, LLC 401(k) Plan
Omaha, NEReal Estate & Rental510 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,543Employer $ per active participant
$3,817Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$19.0MNet plan assets, end of year
$23,820Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score41 / 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 | 58th |
| Lower admin cost | 18th |
| Employee saving | 52th |
| Peers that auto-enroll | 47% |
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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 ($3,413 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
- Seldin put in about $1,543 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.
- Direct plan expenses (0.58% 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.
- 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 | $786,242 |
| Participant (employee) contributions | $1,944,603 |
| Other contributions (incl. rollovers in) | $52,388 |
| Administrative expenses paid from the plan | $101,662 |
| Investment advisory & management fees | $24,608 |
| Benefits paid out | $1,461,481 |
| Net assets, start / end of year | $15.8M / $19.0M |
| Active participants, start / end of year | 503 / 516 |
| Participants with account balances | 799 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz & Company, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $61,054 reported compensation |
| Gallagher Fiduciary Advisors LLC | $24,608 reported compensation |
| Lutz & Company, PC | $16,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825160814NAL0003972467001, received 2025-08-25, EIN 47-0701273, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.