Magna Hospitality Group, L.C.401(k)
MY NEST EGG 401(K) PLAN · WARWICK, RI · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Magna Hospitality Group, L.C. reported $201,259 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~90% of peers. Employer contributions averaged $254 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 1.31% to 0.93%. 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 110th-largest of 286 plans among Rhode Island employers on file, and the 257th of 2,240 in accommodation & food services. In 2024, employees put in $5.71 for every $1.00 the employer contributed; active participation has grown from 1,608 to 2,870 since 2022.
Magna Hospitality Group, L.C.'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 650846862 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.