Plan Ledger DOL Form 5500 · updated monthly

Mark 2 Restaurant401(k)

THE MARK HOTEL 401(K) PLAN · NEW YORK, NY · plan year 2025

Reported admin expense ratio · 2025
1.39%

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

Mark 2 Restaurant reported $35,156 in plan administrative expenses for 2025: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $610 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 rose from 1.17% to 1.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (4,897th of 5,648), and 1,198th of 2,240 in accommodation & food services. In 2025, employees put in $5.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,021,053
Participants with balances363
Active participants236
Employer contributions$143,911
Employee contributions$724,516
Employer contribution per active participant$610
Average account balance$8,322
Benefits paid to participants$295,273
Plan auditUnmodified (clean) audit opinion
AuditorHCVT CPAS LLP
Plan history4
Yearassets · accounts · employer contribution
2025$3.0M · 363 accts · $144K emplr
2024$2.0M · 313 accts · $142K emplr
2023$1.3M · 277 accts · $127K emplr
2022$571K · 218 accts · $94K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$35,156
Total administrative$35,156
The Mark 2 Restaurant 401(k) match · 2025
Employer contribution per active participant$610
Median for plans this size$1,464
2025$610 per active participant
2024$573 per active participant
2023$389 per active participant
2022$426 per active participant

Mark 2 Restaurant's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
FIRST GREAT-WEST LIFE & ANNUITY$25,986
ALLIANT INSURANCE SERVICES INC. · Contract administrator · Investment advisory (plan)$8,213
EMPOWER ADVISORY GROUP, LLC · Investment management$387

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

Administrative cost history4
2025$35,156 · 1.39%
2024$31,205 · 1.87%
2023$22,790 · 2.42%
2022$6,692 · 1.17%
Similar plansAccommodation & Food Services · New York
Sleeping Giant NY$3.1M · 0.61%
Tee Bar Corporation NY$3.1M · 0.79%
Momomilk, LLC NY$3.0M · 0.13%
Noho Hospitality, LLC NY$2.8M · 1.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452352171 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.