How much does Fantasea Resorts Group, Inc contribute to its ESOP?

In 2023, employer contributions to the Fantasea Resorts Group, Inc plan averaged $16,398 per active participant, above the $522 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Fantasea Resorts Group, Inc 401(k)?

The average participant account balance was -$4,425 for plan year 2023, based on 252 accounts.

Fantasea Resorts Group, IncESOP

Name: Fantasea Resorts Group, Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

FANTASEA RESORTS GROUP EMPLOYEE STOCK OWNERSHIP PLAN · ATLANTIC CITY, NJ · plan year 2023

Employer contribution per participant · 2023

$16,398

Fantasea Resorts Group, Inc's 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held -$1,115,113 across 252 participant accounts, with employer contributions averaging $16,398 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other real estate & leasing employers.

Plan summary
Net assets, end of year-$1,115,113
Participants with balances252
Active participants103
Employer contributions$1,689,028
Employee contributions—
Employer contribution per active participant$16,398
Average account balance-$4,425
Benefits paid to participants$247,207
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZAARS LLP

Plan history2

Yearassets · accounts · employer contribution

2024$-14.4M · 258 accts · $1.9M emplr

2023$-1.1M · 252 accts · $1.7M emplr

Administrative expenses, itemized · 2023

Recordkeeping & contract admin$900

Investment management$116

Total administrative$1,016

Employer contributions to the Fantasea Resorts Group, Inc plan · 2023

Employer contribution per active participant$16,398

Median for plans this size$522

2024$20,354 per active participant

2023$16,398 per active participant

Fantasea Resorts Group, Inc's 2023 employer contribution ran above the $522 median for plans its size, placing it in the top 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.

Administrative cost history2

2024Not separately reported

2023Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 453837474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.