Plan Ledger DOL Form 5500 · updated monthly

Chelsea Hotel F&B LLC401(k)

CHELSEA HOTEL F&B LLC 401(K) PLAN · NEW YORK, NY · plan year 2025

Reported admin expense ratio · 2025
5.99%

Chelsea Hotel F&B LLC reported $38,460 in plan administrative expenses for 2025: 5.99% 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 1 year on file its reported administrative ratio fell from 6.60% to 5.99%. The plan sits in the under $1M size bracket, benchmarked here against 55 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (5,390th of 5,648), and 1,812th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$762,601
Participants with balances259
Active participants389
Employer contributions—
Employee contributions$357,622
Employer contribution per active participant—
Average account balance$2,944
Benefits paid to participants$243,324
Plan auditUnmodified (clean) audit opinion
AuditorCURRAN & COMPANY, LLP
Plan history2
Yearassets · accounts · employer contribution
2025$763K · 259 accts
2024$522K · 198 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$35,668
Investment management$2,792
Total administrative$38,460
What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
VESTWELL · Contract administrator · Investment advisory (plan)$35,668

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

Administrative cost history2
2025$38,460 · 5.99%
2024$26,187 · 6.60%
Similar plansAccommodation & Food Services · New York
Blank Street, Inc. NY$922K · 0.75%
Merani Hotel Group NY$723K · 1.23%
Spotted Dog Ventures LLC NY$703K · 0.82%
Jsc Management Group LLC NY$656K · 0.27%
Relish Caterers, LTD. NY$578K · 1.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824798123 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.