Avenue5 Residential, LLC 401(k) Review & Grade
Avenue5 Residential, LLC Employee Savings Plan
Seattle, WAReal Estate & Rental2,888 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,802Employer $ per active participant
$5,157Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$77.8MNet plan assets, end of year
$18,400Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 13th |
| Employee saving | 65th |
| Peers that auto-enroll | 46% |
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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
- Avenue5 Residential put in about $1,802 per active participant, more than the typical peer ($1,141). 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 (0.49% of assets) are well above similar-size plans (0.12%). 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 | $5,202,211 |
| Participant (employee) contributions | $14,889,926 |
| Other contributions (incl. rollovers in) | $2,011,352 |
| Administrative expenses paid from the plan | $334,010 |
| Contract administrator fees | $287,110 |
| Other admin expenses | $46,900 |
| Benefits paid out | $10,945,968 |
| Net assets, start / end of year | $58.5M / $77.8M |
| Active participants, start / end of year | 2,088 / 3,687 |
| Participants with account balances | 4,226 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Turner, Stone & Co. LLP |
Largest service providers (Schedule C)
| Alliant Insurance Services Inc. | $187,240 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250618081910NAL0002321249001, received 2025-06-18, EIN 47-5247277, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.