Cubesmart, L.P. 401(k) Review & Grade
Cubesmart, L.P. 401(k) Plan
Malvern, PAReal Estate & Rental2,562 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$752Employer $ per active participant
$2,050Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$59.7MNet plan assets, end of year
$19,420Average balance per account
Score breakdown
- Employer generosity16.3 / 5033th percentile for employer $ per participant
- Low cost3.1 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 13th |
| Employee saving | 33th |
| 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
- Cubesmart, L.P. put in about $752 per active participant, below the typical peer ($1,141). 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 (0.51% 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 | $1,926,550 |
| Participant (employee) contributions | $5,252,425 |
| Other contributions (incl. rollovers in) | $265,707 |
| Administrative expenses paid from the plan | $272,690 |
| Other admin expenses | $26,650 |
| Benefits paid out | $6,510,874 |
| Net assets, start / end of year | $47.3M / $59.7M |
| Active participants, start / end of year | 2,495 / 2,630 |
| Participants with account balances | 3,076 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kreischer Miller |
| Employer stock held by plan | $647,705 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $246,040 reported compensation |
| Regions Bank | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250811080626NAL0007007473001, received 2025-08-11, EIN 34-1837021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.