Plan Ledger DOL Form 5500 · updated monthly

Hospitality Associates, Inc.401(k)

HOSPITALITY ASSOCIATES, INC.401(K) PROFIT SHARING PLAN · SPOKANE VALLEY, WA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Hospitality Associates, Inc. reported $1,450 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,034 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 0.02% to 0.03%. 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 Washington (1,319th of 1,714), and the 835th of 2,240 in accommodation & food services. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 225 to 260 since 2022.

Plan summary
Net assets, end of year$5,464,569
Participants with balances207
Active participants260
Employer contributions$268,901
Employee contributions$394,403
Employer contribution per active participant$1,034
Average account balance$26,399
Benefits paid to participants$1,026,981
Plan auditUnmodified (clean) audit opinion
AuditorPRESNELL & GAGES PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 207 accts · $269K emplr
2023$5.2M · 169 accts · $228K emplr
2022$4.1M · 152 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,450
Total administrative$1,450
The Hospitality Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$1,034
Median for plans this size$1,313
2024$1,034 per active participant
2023$873 per active participant
2022$591 per active participant

Hospitality Associates, Inc.'s 2024 employer contribution ran below 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.

Administrative cost history3
2024$1,450 · 0.03%
2023$1,075 · 0.02%
2022$825 · 0.02%
Same employer
Similar plansAccommodation & Food Services · Washington
Accord, Inc. WA$9.4M · 0.57%
Hollander Hospitality LLC WA$8.9M · 0.06%
Aboda, Inc. WA$8.7M · 0.46%
Burgerville, LLC WA$8.2M · 0.51%
New Rh, LLC WA$5.3M · 0.01%
Hal Griffith Companies WA$5.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911032434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.