Plan Ledger DOL Form 5500 · updated monthly

Baywood Hotels, Inc.401(k)

BAYWOOD HOTELS, INC. 401(K) PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Baywood Hotels, Inc. reported $45,433 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $2,270 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 has held roughly steady near 0.504%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Maryland (991st of 1,671), and the 552nd of 2,240 in accommodation & food services. In 2024, employees put in $2.27 for every $1.00 the employer contributed; active participation has grown from 135 to 171 since 2022.

Plan summary
Net assets, end of year$10,056,606
Participants with balances147
Active participants171
Employer contributions$388,160
Employee contributions$882,218
Employer contribution per active participant$2,270
Average account balance$68,412
Benefits paid to participants$407,618
Plan auditUnmodified (clean) audit opinion
AuditorEW DEPEW, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 147 accts · $388K emplr
2023$8.0M · 108 accts · $282K emplr
2022$6.0M · 101 accts · $219K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,433
Total administrative$45,433
The Baywood Hotels, Inc. 401(k) match · 2024
Employer contribution per active participant$2,270
Median for plans this size$1,313
2024$2,270 per active participant
2023$1,754 per active participant
2022$1,622 per active participant

Baywood Hotels, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,075
UNIGLOBAL PENSION PLANNING, INC · Contract administrator · Other services$2,250
S B H U LIFE AGENCY INC · Other servicesindirect comp

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

Administrative cost history3
2024$45,433 · 0.50%
2023$33,063 · 0.47%
2022$32,043 · 0.50%
Same employer
Similar plansAccommodation & Food Services · Maryland
Lemek, LLC dba Panera Bread MD$11.7M · 0.13%
Phillips Foods, Inc. MD$11.7M · 0.12%
Ridgewell's, Inc. MD$9.9M · 0.42%
Susan Gage Caterer, Inc. MD$9.4M · 0.50%
Martins, Inc. MD$8.3M · 0.03%
Chesapeake Hospitality MD$7.8M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522223874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.