Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees Hospitality Industry 401K Plan401(k)

HOSPITALITY INDUSTRY 401K PLAN · SPARKS, MD · plan year 2024

Reported admin expense ratio · 2024
0.43%

Board of Trustees Hospitality Industry 401K Plan reported $213,642 in plan administrative expenses for 2024: 0.43% of average plan assets, higher than ~90% of peers. 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 0.57% to 0.43%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 304th-largest of 1,671 plans among Maryland employers on file, and the 132nd of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$54,021,014
Participants with balances5,901
Active participants5,781
Employer contributions—
Employee contributions$5,296,913
Employer contribution per active participant—
Average account balance$9,155
Benefits paid to participants$3,404,786
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.0M · 5,901 accts
2023$46.4M · 5,481 accts
2022$39.2M · 5,349 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$167,338
Investment management$5,000
Audit (IQPA)$12,250
Total administrative$213,642
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 · 20245
ASSOCIATED ADMINISTRATORS LLC · Contract administrator$246,497
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator$102,810
NOVAK FRANCELLA, LLC · Accounting / audit$12,477
BREDHOFF & KAISER · Legal$8,295
MEKETA INVESTMENT GROUP INC · Investment advisory (plan)$5,000

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$213,642 · 0.43%
2023$613,378 · 1.43%
2022$243,648 · 0.57%
Similar plansAccommodation & Food Services · Maryland
Sodexo, Inc. MD$2.4B · 0.33%
Hmshost MD$484.6M · 0.18%
Sage Dining Services, Inc. MD$63.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522231158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.