THR Property Management, LP/ DBA Invitation Homes 401(k) Review & Grade
Invitation Homes 401(k) Plan
Dallas, TXReal Estate & Rental1,594 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,051Employer $ per active participant
$4,187Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$66.4MNet plan assets, end of year
$48,940Average balance per account
Score breakdown
- Employer generosity35.0 / 5070th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 65th |
| Employee saving | 57th |
| 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
- THR Property Management, LP/ DBA Invitation Homes put in about $2,051 per active participant, more than the typical peer ($1,279). 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.
- 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 | $3,270,587 |
| Participant (employee) contributions | $6,676,422 |
| Other contributions (incl. rollovers in) | $1,220,258 |
| Administrative expenses paid from the plan | $82,583 |
| Investment advisory & management fees | $82,665 |
| Benefits paid out | $4,765,917 |
| Net assets, start / end of year | $52.4M / $66.4M |
| Active participants, start / end of year | 1,378 / 1,811 |
| Participants with account balances | 1,356 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Mma Securities | $75,116 reported compensation |
| Strategic Advisors, Inc. | $7,549 reported compensation |
| Fidelity Investments Institutional | −$82 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916174549NAL0005634514001, received 2025-09-16, EIN 90-0874152, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.