Plan Ledger DOL Form 5500 · updated monthly

Crowne Plaza Foster City401(k)

CROWNE PLAZA FOSTER CITY 401(K) PLAN · FOSTER CITY, CA · plan year 2023

Reported admin expense ratio · 2023
0.67%

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

Crowne Plaza Foster City reported $27,718 in plan administrative expenses for 2023: 0.67% of average plan assets, above the peer median. Employer contributions averaged $301 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 0.62% to 0.67%. 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 California (7,324th of 9,483), and the 989th of 2,240 in accommodation & food services. In 2023, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,188,278
Participants with balances59
Active participants237
Employer contributions$71,379
Employee contributions$162,610
Employer contribution per active participant$301
Average account balance$70,988
Benefits paid to participants$723,313
Plan auditUnmodified (clean) audit opinion
AuditorHUTCHINSON & BLOODGOOD LLP
Plan history2
Yearassets · accounts · employer contribution
2023$4.2M · 59 accts · $71K emplr
2022$4.1M · 65 accts · $68K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,664
Investment management$10,054
Total administrative$27,718
The Crowne Plaza Foster City 401(k) match · 2023
Employer contribution per active participant$301
Median for plans this size$1,308
2023$301 per active participant
2022$329 per active participant

Crowne Plaza Foster City'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 · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
MERRILL LYNCH · Investment advisory (participants)$10,055

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$27,718 · 0.67%
2022$26,704 · 0.62%
Similar plansAccommodation & Food Services · California
Epicurean Group CA$4.3M · 0.50%
Elpx LLC CA$4.3M · 0.79%
Shakey's USA, Inc. CA$3.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943109252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.