Plan Ledger DOL Form 5500 · updated monthly

Mdm Hotel Group Limited401(k)

MDM HOTEL GROUP LIMITED 401(K) RETIREMENT PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Mdm Hotel Group Limited reported $84,109 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $935 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 0.64% to 0.72%. 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 1,531st-largest of 3,644 plans among Florida employers on file, and the 472nd of 2,240 in accommodation & food services. In 2024, employees put in $2.02 for every $1.00 the employer contributed; active participation has grown from 392 to 473 since 2022.

Plan summary
Net assets, end of year$12,631,234
Participants with balances245
Active participants473
Employer contributions$442,342
Employee contributions$893,621
Employer contribution per active participant$935
Average account balance$51,556
Benefits paid to participants$943,851
Plan auditUnmodified (clean) audit opinion
AuditorDE LA HOZ, PEREZ & BARBEITO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 245 accts · $442K emplr
2023$10.9M · 249 accts · $401K emplr
2022$8.9M · 224 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,109
Total administrative$84,109
The Mdm Hotel Group Limited 401(k) match · 2024
Employer contribution per active participant$935
Median for plans this size$2,416
2024$935 per active participant
2023$2,554 per active participant
2022$831 per active participant

Mdm Hotel Group Limited'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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$84,109

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

Administrative cost history3
2024$84,109 · 0.72%
2023$68,457 · 0.69%
2022$60,999 · 0.64%
Same employer
Similar plansAccommodation & Food Services · Florida
Flanigans Enterprises, Inc. FL$14.5M · 0.06%
The Gasparilla Inn, Inc. FL$13.8M · 0.64%
Sandestin Beach Hotel, LTD FL$13.4M · 0.60%
Millers Ale House, Inc FL$12.7M · 0.49%
Briggs Management LLC FL$11.4M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650232230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.