Plan Ledger DOL Form 5500 · updated monthly

Giri Hotel Management LLC401(k)

GIRI HOTEL MANAGEMENT LLC 401(K) PLAN · QUINCY, MA · plan year 2024

Reported admin expense ratio · 2024
1.43%

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

Giri Hotel Management LLC reported $43,379 in plan administrative expenses for 2024: 1.43% of average plan assets, higher than ~90% of peers. 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 2 years on file its reported administrative ratio fell from 1.74% to 1.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Massachusetts (2,443rd of 2,726), and 1,681st of 2,096 in real estate & leasing. In 2024, employees put in $3.37 for every $1.00 the employer contributed; active participation has shrunk from 958 to 552 since 2022.

Plan summary
Net assets, end of year$3,557,337
Participants with balances350
Active participants552
Employer contributions$166,240
Employee contributions$560,794
Employer contribution per active participant$301
Average account balance$10,164
Benefits paid to participants$214,257
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 350 accts · $166K emplr
2023$2.5M · 306 accts · $104K emplr
2022$1.6M · 245 accts · $78K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,548
Investment management$38,831
Total administrative$43,379
The Giri Hotel Management LLC 401(k) match · 2024
Employer contribution per active participant$301
Median for plans this size$1,313
2024$301 per active participant
2023$108 per active participant
2022$81 per active participant

Giri Hotel Management LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$43,379

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$43,379 · 1.43%
2023$29,755 · 1.45%
2022$24,455 · 1.74%
Same employer
Similar plansReal Estate & Leasing · Massachusetts
Rentex, Inc. MA$3.8M · 0.07%
Jenet Management, LLC MA$2.9M · 1.45%
Makor Management LLC MA$2.9M · 1.33%
Chartwell Management, LLC MA$2.8M · 1.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205727010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.