Plan Ledger DOL Form 5500 · updated monthly

Harrison Inn Sixty-Six, Inc.401(k)

HARRISON INN SIXTY-SIX, INC. SAFE HARBOR PLAN · OCEAN CITY, MD · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Harrison Inn Sixty-Six, Inc. reported $34,768 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $810 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 rose from 0.25% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 821st-largest of 1,671 plans among Maryland employers on file, and the 434th of 2,240 in accommodation & food services. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,988,118
Participants with balances205
Active participants398
Employer contributions$322,530
Employee contributions$647,629
Employer contribution per active participant$810
Average account balance$68,235
Benefits paid to participants$696,123
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 205 accts · $323K emplr
2023$11.9M · 185 accts · $306K emplr
2022$9.9M · 145 accts · $241K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,768
Total administrative$34,768
The Harrison Inn Sixty-Six, Inc. 401(k) match · 2024
Employer contribution per active participant$810
Median for plans this size$2,416
2024$810 per active participant
2023$781 per active participant
2022$614 per active participant

Harrison Inn Sixty-Six, Inc.'s 2024 employer contribution ran below the $2,416 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
LINCOLN NATIONAL CORPORATION · Contract administrator$34,768

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$34,768 · 0.27%
2023$25,520 · 0.23%
2022$29,335 · 0.25%
Similar plansAccommodation & Food Services · Maryland
Lemek, LLC dba Panera Bread MD$11.7M · 0.13%
Phillips Foods, Inc. MD$11.7M · 0.12%
Baywood Hotels, Inc. MD$10.1M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521191391 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.