Plan Ledger DOL Form 5500 · updated monthly

Merani Hotel Group401(k)

MERANI HOTEL GROUP INC 401(K) RETIREMENT SAVINGS PLAN · NIAGARA FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
1.23%

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

Merani Hotel Group reported $7,329 in plan administrative expenses for 2024: 1.23% of average plan assets, above the peer median. Employer contributions averaged $427 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 0.48% to 1.23%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (5,402nd of 5,648), and 1,822nd of 2,240 in accommodation & food services. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$722,555
Participants with balances164
Active participants190
Employer contributions$81,099
Employee contributions$188,188
Employer contribution per active participant$427
Average account balance$4,406
Benefits paid to participants$77,483
Plan auditUnmodified (clean) audit opinion
AuditorLVBW LLP
Plan history3
Yearassets · accounts · employer contribution
2024$723K · 164 accts · $81K emplr
2023$465K · 139 accts · $63K emplr
2022$227K · 145 accts · $46K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,989
Investment management$3,340
Total administrative$7,329
The Merani Hotel Group 401(k) match · 2024
Employer contribution per active participant$427
Median for plans this size$540
2024$427 per active participant
2023$388 per active participant
2022$258 per active participant

Merani Hotel Group's 2024 employer contribution ran below the $540 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.

Administrative cost history3
2024$7,329 · 1.23%
2023$5,239 · 1.51%
2022$708 · 0.48%
Similar plansAccommodation & Food Services · New York
Chelsea Hotel F&B LLC NY$763K · 5.99%
Spotted Dog Ventures LLC NY$703K · 0.82%
Jsc Management Group LLC NY$656K · 0.27%
Relish Caterers, LTD. NY$578K · 1.66%
Scotto LLC NY$536K · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270459001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.