Plan Ledger DOL Form 5500 · updated monthly

Malones Holding LLC401(k)

BLUEGRASS HOSPITALITY GROUP 401K PLAN · LEXINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Malones Holding LLC reported $42,382 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $553 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 0.85% to 0.36%. 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 405th-largest of 871 plans among Kentucky employers on file, and the 458th of 2,240 in accommodation & food services. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 799 to 961 since 2022.

Plan summary
Net assets, end of year$13,115,147
Participants with balances208
Active participants961
Employer contributions$530,993
Employee contributions$940,860
Employer contribution per active participant$553
Average account balance$63,054
Benefits paid to participants$408,124
Plan auditUnmodified (clean) audit opinion
AuditorFAULKNER, KING & WENZ PSC
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 208 accts · $531K emplr
2023$10.7M · 178 accts · $450K emplr
2022$8.0M · 154 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,382
Total administrative$42,382
The Malones Holding LLC 401(k) match · 2024
Employer contribution per active participant$553
Median for plans this size$2,416
2024$553 per active participant
2023$524 per active participant
2022$493 per active participant

Malones Holding LLC'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
MCGREGOR & ASSOCIATES, INC. · Recordkeeping · Loan processing$5,475
ATLANTA CONSULTING GROUP ADVISORS · Investment advisory (plan)$23,278
LINCOLN NATIONAL CORPORATION · Contract administrator$13,630

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

Recordkeeper by year2
2024MCGREGOR & ASSOCIATES, INC.
2023MCGREGOR & ASSOCIATES, INC., Transamerica

This plan has changed recordkeepers within these filings. If you left Malones Holding LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,382 · 0.36%
2023$69,192 · 0.74%
2022$71,941 · 0.85%
Same employer
Similar plansAccommodation & Food Services · Kentucky
Manna, Inc. KY$29.6M · 0.26%
Aljsco Management LLC. KY$15.4M · 0.52%
Musselman Hotels, LLC KY$9.9M · 0.07%
Team Holland, Inc. KY$8.6M · 0.70%
Long John Silvers, LLC KY$8.4M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201453313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.