Plan Ledger DOL Form 5500 · updated monthly

Buffalo Lodging Associates, LLC401(k)

BUFFALO LODGING ASSOCIATES, LLC 401K PLAN · CANTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Buffalo Lodging Associates, LLC reported $72,894 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $652 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 fell from 0.63% to 0.40%. 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 the 1,290th-largest of 2,726 plans among Massachusetts employers on file, and the 302nd of 2,240 in accommodation & food services. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 1,195 to 1,397 since 2022.

Plan summary
Net assets, end of year$20,321,835
Participants with balances524
Active participants1,397
Employer contributions$911,313
Employee contributions$1,758,150
Employer contribution per active participant$652
Average account balance$38,782
Benefits paid to participants$1,953,894
Plan auditUnmodified (clean) audit opinion
AuditorBROCK, SCHECHTER AND POLAKOFF
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 524 accts · $911K emplr
2023$16.5M · 519 accts · $744K emplr
2022$12.6M · 478 accts · $434K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,995
Investment management$1,899
Total administrative$72,894
The Buffalo Lodging Associates, LLC 401(k) match · 2024
Employer contribution per active participant$652
Median for plans this size$2,416
2024$652 per active participant
2023$584 per active participant
2022$363 per active participant

Buffalo Lodging Associates, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$70,995

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$72,894 · 0.40%
2023$91,468 · 0.63%
2022$84,785 · 0.63%
Same employer
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Ezcater, Inc. MA$48.1M · 0.04%
Urc, LLC MA$24.3M · 0.24%
Ngp Management, LLC MA$21.1M · 0.61%
Odysseys Unlimited, Inc. MA$16.3M · 0.28%
Pr Management, Corp. MA$10.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161585175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.