Plan Ledger DOL Form 5500 · updated monthly

Max Hospitality, LLC401(k)

MAX HOSPITALITY 401(K) PROFIT SHARING PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Max Hospitality, LLC reported $41,985 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,122 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 1 year on file its reported administrative ratio fell from 1.33% to 1.00%. 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 Connecticut (922nd of 1,106), and the 917th of 2,240 in accommodation & food services. In 2024, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,726,233
Participants with balances233
Active participants280
Employer contributions$314,140
Employee contributions$462,348
Employer contribution per active participant$1,122
Average account balance$20,284
Benefits paid to participants$204,453
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$4.7M · 233 accts · $314K emplr
2023$3.7M · 254 accts · $316K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,449
Investment management$14,356
Total administrative$41,985
The Max Hospitality, LLC 401(k) match · 2024
Employer contribution per active participant$1,122
Median for plans this size$1,313
2024$1,122 per active participant
2023$1,329 per active participant

Max Hospitality, LLC'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.

Service providers · 20243
CAPITAL GROUP RETIREMENT PLAN SRVCS$24,449
USB FINANCIAL SERVICES, INC. · Investment advisory (plan)$14,356
PENSION CONSULTANTS, INC. · Contract administrator$3,180

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

Administrative cost history2
2024$41,985 · 1.00%
2023$42,630 · 1.33%
Same employer
Similar plansAccommodation & Food Services · Connecticut
Pra Employment, LLC CT$5.8M · 0.85%
Batista Companies, Inc. CT$2.3M · 0.65%
B & Z Management CT$1.4M · 0.34%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 873600947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.