Plan Ledger DOL Form 5500 · updated monthly

Highgate Hotels, L.P.401(k)

HIGHGATE HOTELS 401(K) PLAN · IRVING, TX · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Highgate Hotels, L.P. reported $565,896 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $409 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 0.38% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 438th-largest of 5,688 plans among Texas employers on file, and the 56th of 2,240 in accommodation & food services. In 2024, employees put in $4.08 for every $1.00 the employer contributed; active participation has grown from 8,607 to 10,667 since 2022.

Plan summary
Net assets, end of year$171,005,392
Participants with balances3,237
Active participants10,667
Employer contributions$4,366,896
Employee contributions$17,806,094
Employer contribution per active participant$409
Average account balance$52,828
Benefits paid to participants$20,279,018
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$171.0M · 3,237 accts · $4.4M emplr
2023$145.8M · 3,083 accts · $4.0M emplr
2022$117.0M · 2,832 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$392,630
Investment management$143,766
Audit (IQPA)$29,500
Total administrative$565,896
The Highgate Hotels, L.P. 401(k) match · 2024
Employer contribution per active participant$409
Median for plans this size$3,635
2024$409 per active participant
2023$397 per active participant
2022$347 per active participant

Highgate Hotels, L.P.'s 2024 employer contribution ran below the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$392,630
MORGAN STANLEY GLOBAL · Investment advisory (plan)$143,766
LANE GORMAN TRUBITT, LLC · Accounting / audit · Investment advisory (plan)$29,500

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$565,896 · 0.36%
2023$460,400 · 0.35%
2022$460,999 · 0.38%
All plans at this employer2
HIGHGATE HOTELS 401(K) PLAN401(k)
'ALOHILANI RESORT WAIKIKI BEACH EMPLOYEES' INVESTMENT PLAN401(k)
Same employer
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Whataburger Restaurants LLC TX$262.0M · 0.51%
Sky Chefs, Inc. TX$256.7M · 0.20%
Fertitta Entertainment, Inc. TX$181.4M · 0.36%
Raising Cane's USA, LLC TX$108.4M · 0.08%
Remington Hotels, LLC TX$90.0M · 0.41%
G6 Hospitality, LLC TX$78.1M · 0.15%
Cr Employment, Inc. TX$55.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208725068 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.