Plan Ledger DOL Form 5500 · updated monthly

3P Hospitality Management LLC401(k)

3P HOSPITALITY 401K AND PROFIT SHARING · CALHOUN, GA · plan year 2024

Reported admin expense ratio · 2024
1.16%

3P Hospitality Management LLC reported $2,485 in plan administrative expenses for 2024: 1.16% of average plan assets, above the peer median. 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 2 years on file its reported administrative ratio fell from 14.42% to 1.16%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Georgia (2,112th of 2,160), and 2,026th of 2,240 in accommodation & food services. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$255,485
Participants with balances108
Active participants0
Employer contributions$50,674
Employee contributions$63,360
Employer contribution per active participant—
Average account balance$2,366
Benefits paid to participants$57,383
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS AND INGRAM LLC
Plan history3
Yearassets · accounts · employer contribution
2024$255K · 108 accts · $51K emplr
2023$174K · 112 accts · $56K emplr
2022$80K · 109 accts · $41K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,485
Total administrative$2,485
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ADP, INC. · Loan processing · Recordkeeping$2,485

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$2,485 · 1.16%
2023$10,306 · 8.13%
2022$11,516 · 14.42%
Similar plansAccommodation & Food Services · Georgia
Aaron Excellence, LLC GA$357K · 1.08%
Ps 37 Managment, Inc. GA$318K · 1.55%
Jjs of Atlanta, LLC GA$287K · 0.32%
Cabins for You GA$231K · 3.05%
Northeast Georgia, Inc. GA$207K · 0.04%
Ssrg Holdings, LLC GA$191K · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815065152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.