Sroa Property Management, LLC 401(k) Review & Grade
Sroa Property Management LLC 401(k) Profit Sharing Plan and Trust
West Palm Beach, FLProfessional, Scientific & Technical Services622 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,353Employer $ per active participant
$2,431Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
$23,382Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 50th |
| Employee saving | 13th |
| Peers that auto-enroll | 48% |
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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 ($56,828 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
- Sroa Property Management put in about $1,353 per active participant, below the typical peer ($3,082). 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.
- 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 | $842,079 |
| Participant (employee) contributions | $1,513,454 |
| Other contributions (incl. rollovers in) | $100,892 |
| Administrative expenses paid from the plan | $17,365 |
| Investment advisory & management fees | $17,365 |
| Benefits paid out | $396,871 |
| Net assets, start / end of year | $6.1M / $9.0M |
| Active participants, start / end of year | 525 / 720 |
| Participants with account balances | 387 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Nationwide Life Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260921182139NAL0019150178001, received 2026-09-21, EIN 46-5246497, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.