Plan Ledger DOL Form 5500 · updated monthly

Grand Traverse Resort and Spa, LLC401(k)

GRAND TRAVERSE RESORT AND SPA RETIREMENT PLAN · ACME, MI · plan year 2024

Reported admin expense ratio · 2024
1.30%

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

Grand Traverse Resort and Spa, LLC reported $104,225 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $337 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 1.41% to 1.30%. 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 Michigan (1,654th of 2,619), and the 648th of 2,240 in accommodation & food services. In 2024, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,499,210
Participants with balances1,175
Active participants475
Employer contributions$160,000
Employee contributions$564,501
Employer contribution per active participant$337
Average account balance$7,233
Benefits paid to participants$920,346
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 1,175 accts · $160K emplr
2023$7.5M · 1,220 accts · $100K emplr
2022$6.0M · 1,151 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,225
Total administrative$104,225
The Grand Traverse Resort and Spa, LLC 401(k) match · 2024
Employer contribution per active participant$337
Median for plans this size$1,313
2024$337 per active participant
2023$175 per active participant
2022$331 per active participant

Grand Traverse Resort and Spa, 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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$104,225

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$104,225 · 1.30%
2023$107,887 · 1.60%
2022$93,399 · 1.41%
Same employer
Similar plansAccommodation & Food Services · Michigan
Patton Wings, Inc. MI$14.0M · 0.63%
Tsfr Apple Venture LLC MI$12.2M · 0.56%
Crystal Enterprises, Inc. MI$9.3M · 0.34%
Sundance, Inc. MI$7.2M · 0.63%
Russ' of Holland, Inc. MI$6.9M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320077845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.