Towne Properties Asset Management Company, Inc. 401(k) Review & Grade
Towne Retirement 401(k) Plan
Cincinnati, OHReal Estate & Rental694 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$679Employer $ per active participant
$3,020Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$46.0MNet plan assets, end of year
$65,709Average balance per account
Score breakdown
- Employer generosity14.0 / 5028th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 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 | 28th |
| Lower admin cost | 33th |
| Employee saving | 42th |
| 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
- Towne Properties Asset Management Company put in about $679 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 (0.37% 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 | $470,966 |
| Participant (employee) contributions | $2,095,901 |
| Other contributions (incl. rollovers in) | $234,386 |
| Administrative expenses paid from the plan | $166,136 |
| Investment advisory & management fees | $52,614 |
| Other admin expenses | $29,057 |
| Benefits paid out | $4,924,721 |
| Net assets, start / end of year | $42.8M / $46.0M |
| Active participants, start / end of year | 698 / 690 |
| Participants with account balances | 700 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Flagel, Huber, Flagel |
Largest service providers (Schedule C)
| Pension Corporation of America | $113,522 reported compensation |
| Pca Investment Advisory Services | $52,614 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140805NAL0003132962001, received 2025-10-13, EIN 31-0945003, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.