Plan Ledger DOL Form 5500 · updated monthly

Graves Hospitality Corporation401(k)

GRAVES HOSPITALITY CORPORATION 401(K) RETIREMENT SAVINGS PLAN · MINNEAPOLIS, MN · plan year 2022

Reported admin expense ratio · 2022
0.32%

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

Graves Hospitality Corporation reported $5,627 in plan administrative expenses for 2022: 0.32% of average plan assets, below the peer median. Employer contributions averaged $60 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Minnesota (1,816th of 1,918), and 1,546th of 2,240 in accommodation & food services. In 2022, employees put in $3.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,592,532
Participants with balances94
Active participants700
Employer contributions$42,119
Employee contributions$141,529
Employer contribution per active participant$60
Average account balance$16,942
Benefits paid to participants$225,761
Plan auditDisclaimer of opinion
AuditorMYSLAJEK KEMP & SPENCER, LTD
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,627
Total administrative$5,627
The Graves Hospitality Corporation 401(k) match · 2022
Employer contribution per active participant$60
Median for plans this size$1,114

Graves Hospitality Corporation's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,627 · 0.32%
Same employer
Similar plansAccommodation & Food Services · Minnesota
P.D.I. Foods, LLC MN$2.1M · 1.38%
Scalzo Hospitality, Inc. MN$1.6M · 2.19%
Team Honey Badger LLC MN$1.6M · 0.31%
Cossetta Inc. MN$1.3M · 0.47%
Mdf Holdings I LLC MN$1.3M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411870659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.