Mei Gny Hospitality, LLC401(k)
THE GURNEY'S RESORTS 401(K) PLAN · MONTAUK, NY · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Mei Gny Hospitality, LLC reported $1,902 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $298 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 0.77% to 0.04%. 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 New York (4,506th of 5,648), and the 902nd of 2,240 in accommodation & food services. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has grown from 377 to 544 since 2022.
Mei Gny Hospitality, LLC's 2024 employer contribution ran below the $1,313 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 825109339 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.