Plan Ledger DOL Form 5500 · updated monthly

246 Spring Street (Ny), LLC, dba the Dominick Hotel ('The Hotel')401(k)

246 SPRING ST (NY) LLC DBA THE DOMINICK HOTEL ('THE HOTEL') 401(K) PLAN · NEW YORK, NY · plan year 2020

Reported admin expense ratio · 2020
0.12%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

246 Spring Street (Ny), LLC, dba the Dominick Hotel ('The Hotel') reported $3,513 in plan administrative expenses for 2020: 0.12% of average plan assets, below the peer median. Employer contributions averaged $515 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.53% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 294 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (4,857th of 5,648), and 1,162nd of 2,240 in accommodation & food services. In 2020, employees put in $2.76 for every $1.00 the employer contributed; active participation has shrunk from 109 to 88 since 2019.

Plan summary
Net assets, end of year$3,189,203
Participants with balances64
Active participants88
Employer contributions$45,361
Employee contributions$125,028
Employer contribution per active participant$515
Average account balance$49,831
Benefits paid to participants$560,677
Plan auditDisclaimer of opinion
Plan history4
Yearassets · accounts · employer contribution
2022$2.9M · 70 accts · $65K emplr
2021$3.2M · 62 accts · $43K emplr
2020$3.2M · 64 accts · $45K emplr
2019$2.5M · 69 accts · $93K emplr
The 246 Spring Street (Ny), LLC, dba the Dominick Hotel ('The Hotel') 401(k) match · 2020
Employer contribution per active participant$515
Median for plans this size$893
2022$872 per active participant
2021$630 per active participant
2020$515 per active participant
2019$850 per active participant

246 Spring Street (Ny), LLC, dba the Dominick Hotel ('The Hotel')'s 2020 employer contribution ran below the $893 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history4
2022$3,325 · 0.11%
2021$3,179 · 0.10%
2020$3,513 · 0.12%
2019$11,533 · 0.53%
Similar plansAccommodation & Food Services · New York
Dream Hotel Group, LLC NY$3.3M · 0.09%
City Winery, LLC NY$3.2M · 1.59%
Rainbow Room, LLC NY$3.2M · 0.08%
Sleeping Giant NY$3.1M · 0.61%
Tee Bar Corporation NY$3.1M · 0.79%
Momomilk, LLC NY$3.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020749830 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.