Plan Ledger DOL Form 5500 · updated monthly

Highpointe Hospitality, Inc.401(k)

HIGHPOINTE HOTEL CORPORATION EMPLOYEES RETIREMENT PLAN · GULF BREEZE, FL · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Highpointe Hospitality, Inc. reported $49,445 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $686 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 3 years on file its reported administrative ratio has held roughly steady near 0.443%. 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 1,664th-largest of 3,644 plans among Florida employers on file, and the 508th of 2,240 in accommodation & food services. In 2024, employees put in $2.73 for every $1.00 the employer contributed; active participation has shrunk from 249 to 174 since 2022.

Plan summary
Net assets, end of year$11,239,159
Participants with balances117
Active participants174
Employer contributions$119,402
Employee contributions$325,704
Employer contribution per active participant$686
Average account balance$96,061
Benefits paid to participants$1,568,749
Plan auditUnmodified (clean) audit opinion
AuditorSMITH DUKES & BUCKALEW LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 117 accts · $119K emplr
2023$11.1M · 139 accts · $130K emplr
2022$10.4M · 139 accts · $118K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,791
Investment management$27,654
Total administrative$49,445
The Highpointe Hospitality, Inc. 401(k) match · 2024
Employer contribution per active participant$686
Median for plans this size$2,416
2024$686 per active participant
2023$554 per active participant
2022$475 per active participant

Highpointe Hospitality, 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 · 20243
WELLS FARGO · Recordkeeping · Trustee$27,654
ADP, INC. · Loan processing · Recordkeeping$21,791
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect comp

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

Recordkeeper by year2
2024ADP, Wells Fargo
2023ADP, Wells Fargo

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Administrative cost history3
2024$49,445 · 0.44%
2023$46,268 · 0.43%
2022$51,534 · 0.44%
Same employer
Similar plansAccommodation & Food Services · Florida
Mdm Hotel Group Limited FL$12.6M · 0.72%
Briggs Management LLC FL$11.4M · 0.35%
Travel Traders Hotels Inc FL$11.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593558189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.