Equity Lifestyle Properties, Inc. 401(k) Review & Grade
Equity Lifestyle Properties, Inc. Retirement Savings Plan
Chicago, ILReal Estate & Rental3,135 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$997Employer $ per active participant
$2,091Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$87.1MNet plan assets, end of year
$49,485Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score51 / 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 | 41th |
| Lower admin cost | 90th |
| Employee saving | 35th |
| 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
- Equity Lifestyle Properties put in about $997 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.
- 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.
- 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 | $3,126,662 |
| Participant (employee) contributions | $6,554,768 |
| Other contributions (incl. rollovers in) | $1,015,146 |
| Administrative expenses paid from the plan | $24,916 |
| Investment advisory & management fees | $7,500 |
| Benefits paid out | $11,481,630 |
| Net assets, start / end of year | $77.3M / $87.1M |
| Active participants, start / end of year | 2,942 / 3,328 |
| Participants with account balances | 1,761 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $17,416 reported compensation |
| Arthur J. Gallagher & Co. | $7,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007151739NAL0004774481001, received 2025-10-07, EIN 36-3857664, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.