Employers › Apartment Income REIT
Recordkeeping fees per participant · Air 401(k) Retirement Plan · plan year 2024
$18.49
Higher than 17% of the 5,847 plans $50 to 250M that report it.
= $25,886 / 1,400
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250710135856NAL0008754496001, received 2025-07-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250710135856NAL0008754496001, received 2025-07-10
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-10.
Administrative expenses excluding investment management, per participant
$18.49
Higher than 11% of the 8,758 plans $50 to 250M that report it.
= $25,886 / 1,400
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250710135856NAL0008754496001, received 2025-07-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250710135856NAL0008754496001, received 2025-07-10
Administrative expenses per participant
$54.91
Higher than 18% of the 9,042 plans $50 to 250M that report it.
= $76,873 / 1,400
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250710135856NAL0008754496001, received 2025-07-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250710135856NAL0008754496001, received 2025-07-10
Administrative expenses as a share of assets
0.068%
Higher than 26% of the 9,049 plans $50 to 250M that report it.
= $76,873 / $113,811,887
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250710135856NAL0008754496001, received 2025-07-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250710135856NAL0008754496001, received 2025-07-10
Employer contributions per participant
$976
Higher than 10% of the 9,105 plans $50 to 250M that report it.
= $1,365,875 / 1,400
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250710135856NAL0008754496001, received 2025-07-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250710135856NAL0008754496001, received 2025-07-10
Employer share of total contributions
21.7%
Higher than 24% of the 9,112 plans $50 to 250M that report it.
= $1,365,875 / $6,281,276
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250710135856NAL0008754496001, received 2025-07-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250710135856NAL0008754496001, received 2025-07-10
Plan terms are described in Apartment Income REIT Corp.'s SEC filings: Form 11-K filed 2024-06-13 and Form 10-K filed 2024-02-16. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250710135856NAL0008754496001, received 2025-07-10
| Field | Value | Source |
|---|---|---|
| Plan sponsor | APARTMENT INCOME REIT LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Plan name | AIR 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Sponsor EIN / plan number | 84-1299717 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Sponsor location | DENVER, CO | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Industry (business code) | 531310, Real estate and rental and leasing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Filing received | 2025-07-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Participants, beginning of year | 1,504 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Active participants | 885 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Participants, end of year | 1,623 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Participants with an account balance | 1,400 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Total assets, beginning of year | $104,750,581 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Total assets, end of year | $113,811,887 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Net assets, end of year | $113,811,887 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Total income | $24,187,205 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Net income | $9,061,306 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Employer contributions | $1,365,875 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Participant contributions | $4,401,643 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Other contributions (incl. rollovers) | $513,758 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Total contributions | $6,281,276 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Benefit payments | $15,041,473 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Total expenses (incl. benefit payments) | $15,125,899 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Total administrative expenses | $76,873 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Recordkeeping fees | $25,886 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Investment advisory and management fees | $50,987 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Administrative expenses excluding investment management | $25,886 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Held in common/collective trusts | $2,584,487 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Held in mutual funds | $106,730,777 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250710135856NAL0008754496001, received 2025-07-10 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250710135856NAL0008754496001, received 2025-07-10 |
Position = column in the DOL layout for form year 2024. Filing 20250710135856NAL0008754496001, received 2025-07-10.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $25,885 | yes |
| COOK STREET CONSULTING | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $25,000 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $22,387 | no |
| CUSTOMIZED HR SOLUTIONS, LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $14,738 | no |
| MORGAN STANLEY | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $11,250 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250710135856NAL0008754496001, received 2025-07-10.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $104,750,581 | $113,811,887 | 8.7% |
| Participants with a balance | 1,415 | 1,400 | -1.1% |
| Administrative expenses | $70,789 | $76,873 | 8.6% |
| Recordkeeping fees per participant | not reported | $18.49 | |
| Employer contributions | $1,300,688 | $1,365,875 | 5.0% |
Prior filing 20240617140938NAL0003775170001, received 2024-06-17; the plan years are contiguous.
Sponsor name as filed: APARTMENT INCOME REIT LLC; SEC registrant: Apartment Income REIT Corp. (CIK 1820877, matched by 11-K plan title; display name from the Form 11-K cover).