Fogelman Properties 401(k) Review & Grade
Fogelman Properties 401(k) Plan
Memphis, TNReal Estate & Rental634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$785Employer $ per active participant
$2,953Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$23.0MNet plan assets, end of year
$37,797Average balance per account
Score breakdown
- Employer generosity15.9 / 5032th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 15th |
| Employee saving | 41th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,065 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fogelman Properties put in about $785 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 (0.66% 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.
- 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 | $497,079 |
| Participant (employee) contributions | $1,870,501 |
| Other contributions (incl. rollovers in) | $218,438 |
| Administrative expenses paid from the plan | $140,102 |
| Investment advisory & management fees | $42,215 |
| Benefits paid out | $2,015,521 |
| Net assets, start / end of year | $19.8M / $23.0M |
| Active participants, start / end of year | 656 / 611 |
| Participants with account balances | 608 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Watkins Uiberall, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $97,888 reported compensation |
| Global Retirement Partners LLC | $42,215 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007143351NAL0004908785002, received 2025-10-07, EIN 62-1773993, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.