Plan Ledger DOL Form 5500 · updated monthly

Cherry Hill Hotel Management LLC401(k)

CHERRY HILL HOTEL MANAGEMENT LLC 401(K) PLAN · CHERRY HILL, NJ · plan year 2023

Reported admin expense ratio · 2023
0.53%

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

Cherry Hill Hotel Management LLC reported $5,773 in plan administrative expenses for 2023: 0.53% of average plan assets, above the peer median. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.36% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New Jersey (2,220th of 2,419), and 1,670th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$1,179,744
Participants with balances72
Active participants75
Employer contributions$0
Employee contributions$69,145
Employer contribution per active participant$0
Average account balance$16,385
Benefits paid to participants$49,212
Plan auditUnmodified (clean) audit opinion
AuditorBARATZ & ASSOCIATES P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$1.2M · 72 accts
2022$989K · 116 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,773
Total administrative$5,773
The Cherry Hill Hotel Management LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Cherry Hill Hotel Management LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$2,101
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consultingindirect comp
ADP BROKER-DEALER · 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 history2
2023$5,773 · 0.53%
2022$3,789 · 0.36%
Similar plansAccommodation & Food Services · New Jersey
Timbers Inc NJ$1.8M · 0.44%
Jmm Industries, Inc. NJ$1.6M · 0.01%
Msk Management, LLC NJ$1.2M · 1.24%
Devs Foods, LLC NJ$814K · 8.09%
Natc Donuts Inc NJ$703K · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204632491 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.