Plan Ledger DOL Form 5500 · updated monthly

Gulf Beach Hotel Inc. D/B/A Perdido Beach Resort401(k)

PERDIDO BEACH RESORT 401(K) PLAN · ORANGE BEACH, AL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Gulf Beach Hotel Inc. D/B/A Perdido Beach Resort reported $8,761 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,952 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 0.43% to 0.24%. 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 Alabama (661st of 902), and the 973rd of 2,240 in accommodation & food services. In 2024, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,311,633
Participants with balances119
Active participants165
Employer contributions$322,162
Employee contributions$493,989
Employer contribution per active participant$1,952
Average account balance$36,232
Benefits paid to participants$114,412
Plan auditUnmodified (clean) audit opinion
AuditorWEAR, HOWELL, STRICKLAND, QUINN
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 119 accts · $322K emplr
2023$3.0M · 103 accts · $288K emplr
2022$2.1M · 105 accts · $230K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,761
Total administrative$8,761
The Gulf Beach Hotel Inc. D/B/A Perdido Beach Resort 401(k) match · 2024
Employer contribution per active participant$1,952
Median for plans this size$1,313
2024$1,952 per active participant
2023$1,713 per active participant
2022$1,330 per active participant

Gulf Beach Hotel Inc. D/B/A Perdido Beach Resort's 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$8,761

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$8,761 · 0.24%
2023$9,759 · 0.38%
2022$9,164 · 0.43%
Same employer
Similar plansAccommodation & Food Services · Alabama
Pathway, Inc. AL$3.5M · 0.07%
Taco Casa, Inc. AL$2.6M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630957568 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.