Plan Ledger DOL Form 5500 · updated monthly

First Class Hotels, LLC401(k)

ROOSEVELT HOTEL 401(K) PLAN · NATCHITOCHES, LA · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

First Class Hotels, LLC reported $34,982 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $888 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 0.60% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Louisiana (554th of 884), and the 774th of 2,240 in accommodation & food services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has shrunk from 312 to 276 since 2022.

Plan summary
Net assets, end of year$6,377,804
Participants with balances156
Active participants276
Employer contributions$245,017
Employee contributions$478,825
Employer contribution per active participant$888
Average account balance$40,883
Benefits paid to participants$1,088,169
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 156 accts · $245K emplr
2023$6.0M · 142 accts · $260K emplr
2022$4.9M · 140 accts · $199K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,390
Investment management$15,592
Total administrative$34,982
The First Class Hotels, LLC 401(k) match · 2024
Employer contribution per active participant$888
Median for plans this size$1,313
2024$888 per active participant
2023$799 per active participant
2022$637 per active participant

First Class Hotels, LLC's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,390
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$15,000

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$34,982 · 0.57%
2023$31,847 · 0.58%
2022$32,040 · 0.60%
Same employer
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Homebase Pay Agent, LLC LA$8.8M · 0.00%
Taste Buds, Inc. LA$7.9M · 0.69%
Link Restaurant Group LLC LA$4.9M · 1.03%
Ammari of Louisiana, LLC LA$2.5M · 1.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260524946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.