What are the fees in the Golf Suites Inc. 401(k) plan?

For plan year 2024, Golf Suites Inc. reported $6,362 in plan administrative expenses, or 14.87% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Golf Suites Inc. 401(k)?

The average participant account balance was $264 for plan year 2024, based on 162 accounts.

Golf Suites Inc.401(k)

Name: Golf Suites Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

GOLF SUITES INC. 401(K) PLAN · LUBBOCK, TX · plan year 2024

Reported admin expense ratio · 2024

14.87%

Golf Suites Inc. reported $6,362 in plan administrative expenses for 2024: 14.87% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Texas (5,661st of 5,688), and 2,185th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$42,797
Participants with balances162
Active participants162
Employer contributions—
Employee contributions$49,278
Employer contribution per active participant—
Average account balance$264
Benefits paid to participants$1,625
Plan auditUnmodified (clean) audit opinion
AuditorRBMS, LLP

Administrative expenses, itemized · 2024

Recordkeeping & contract admin$6,362

Total administrative$6,362

What these fees cost you

Your balance

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

VESTWELL · Contract administrator · Investment advisory (plan)$6,361

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

Administrative cost history1

2024$6,362 · 14.87%

Similar plansAccommodation & Food Services · Texas
Salata Holding Company, LLC TX$107K
McKaren Limited Partnership TX$95K · 0.83%
Velvet Taco, Inc. TX$91K · 1.70%
Texas Hills Investments LLC TX$63K · 0.46%
Tasty Dlites, LLC TX$31K · 5.56%
Arnold Family of Restaurants, LLC TX$16K · 5.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832328048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.