Plan Ledger DOL Form 5500 · updated monthly

Mount Vernon Mansion, LLC401(k)

THE IVY HOTEL 401K PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Mount Vernon Mansion, LLC reported $2,888 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $818 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 0.30% to 0.28%. 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 Maryland (1,588th of 1,671), and 1,675th of 2,240 in accommodation & food services. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 45 to 59 since 2022.

Plan summary
Net assets, end of year$1,168,424
Participants with balances233
Active participants59
Employer contributions$48,288
Employee contributions$128,194
Employer contribution per active participant$818
Average account balance$5,015
Benefits paid to participants$93,127
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2M · 233 accts · $48K emplr
2023$915K · 217 accts · $61K emplr
2022$673K · 196 accts · $52K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,888
Total administrative$2,888
The Mount Vernon Mansion, LLC 401(k) match · 2024
Employer contribution per active participant$818
Median for plans this size$1,313
2024$818 per active participant
2023$1,110 per active participant
2022$1,155 per active participant

Mount Vernon Mansion, 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$2,887
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,888 · 0.28%
2023$2,713 · 0.34%
2022$2,086 · 0.30%
Similar plansAccommodation & Food Services · Maryland
Fager's Island LTD. MD$2.2M · 0.27%
Glory Days, Inc. MD$1.1M · 0.06%
Mne, LLC MD$870K · 0.07%
Blue Ridge Holdings, LLC MD$710K · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273444025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.