Plan Ledger DOL Form 5500 · updated monthly

Ace Hotel Group, LLC401(k)

ACE HOTEL GROUP 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Ace Hotel Group, LLC reported $55,982 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,156 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 2 years on file its reported administrative ratio rose from 0.05% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (3,510th of 5,648), and the 526th of 2,240 in accommodation & food services. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has shrunk from 423 to 219 since 2022.

Plan summary
Net assets, end of year$10,729,521
Participants with balances311
Active participants219
Employer contributions$472,118
Employee contributions$926,105
Employer contribution per active participant$2,156
Average account balance$34,500
Benefits paid to participants$2,356,491
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 311 accts · $472K emplr
2023$10.5M · 360 accts · $593K emplr
2022$9.3M · 342 accts · $387K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,234
Investment management$26,748
Total administrative$55,982
The Ace Hotel Group, LLC 401(k) match · 2024
Employer contribution per active participant$2,156
Median for plans this size$2,416
2024$2,156 per active participant
2023$1,318 per active participant
2022$915 per active participant

Ace Hotel Group, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$29,234
J.P. MORGAN SECURITIES LLC · Investment advisory (plan)$26,748

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,982 · 0.53%
2023$54,625 · 0.55%
2022$5,247 · 0.05%
Similar plansAccommodation & Food Services · New York
Pier Sixty LLC NY$11.8M · 0.01%
Leatherstocking Corporation NY$11.6M · 0.08%
Meyers Rv Superstore NY$11.0M · 0.73%
Collegetown Bagels, Inc. NY$10.5M · 0.41%
Eos Hospitality, LLC NY$10.4M · 0.44%
Prime Group Holdings, LLC NY$9.9M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201164931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.