Plan Ledger DOL Form 5500 · updated monthly

Mirbeau of Skaneateles LP dba Mirbeau Inn & Spa401(k)

MIRBEAU INN & SPA 401(K) PROFIT SHARING PLAN · SKANEATELES, NY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Mirbeau of Skaneateles LP dba Mirbeau Inn & Spa reported $13,551 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $619 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 has held roughly steady near 0.59%. 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 (4,953rd of 5,648), and 1,241st of 2,240 in accommodation & food services. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 351 to 430 since 2022.

Plan summary
Net assets, end of year$2,818,238
Participants with balances138
Active participants430
Employer contributions$266,158
Employee contributions$478,913
Employer contribution per active participant$619
Average account balance$20,422
Benefits paid to participants$110,682
Plan auditUnmodified (clean) audit opinion
AuditorDIMARCO, ABUISI & PASCARELLA
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 138 accts · $266K emplr
2023$1.8M · 116 accts · $158K emplr
2022$1.0M · 84 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,551
Total administrative$13,551
The Mirbeau of Skaneateles LP dba Mirbeau Inn & Spa 401(k) match · 2024
Employer contribution per active participant$619
Median for plans this size$1,313
2024$619 per active participant
2023$388 per active participant
2022$358 per active participant

Mirbeau of Skaneateles LP dba Mirbeau Inn & Spa'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.

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 · 20242
CAPITAL GROUP RETIREMENT PLAN SERVI$12,301
LAKE WATER CAPITAL, LLCindirect comp

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$13,551 · 0.59%
2023$7,874 · 0.57%
2022$4,964 · 0.60%
Same employer
Similar plansAccommodation & Food Services · New York
Mark 2 Restaurant NY$3.0M · 1.39%
Noho Hospitality, LLC NY$2.8M · 1.26%
Tar Enterprises NY$2.5M · 0.38%
Visions Hotels, LLC NY$2.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161572392 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.