Plan Ledger DOL Form 5500 · updated monthly

Providence Hospitality Partners LLC401(k)

PROVIDENCE HOSPITALITY PARTNERS 401(K) PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Providence Hospitality Partners LLC reported $16,154 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $276 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 1.44% to 0.65%. 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 Colorado (1,218th of 1,461), and 1,266th of 2,240 in accommodation & food services. In 2024, employees put in $2.62 for every $1.00 the employer contributed; active participation has grown from 371 to 434 since 2022.

Plan summary
Net assets, end of year$2,695,143
Participants with balances112
Active participants434
Employer contributions$119,998
Employee contributions$314,112
Employer contribution per active participant$276
Average account balance$24,064
Benefits paid to participants$326,801
Plan auditUnmodified (clean) audit opinion
AuditorHAYNIE AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 112 accts · $120K emplr
2023$2.3M · 215 accts · $106K emplr
2022$2.0M · 214 accts · $106K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,154
Total administrative$16,154
The Providence Hospitality Partners LLC 401(k) match · 2024
Employer contribution per active participant$276
Median for plans this size$1,313
2024$276 per active participant
2023$384 per active participant
2022$286 per active participant

Providence Hospitality Partners 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.

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 · 20245
TRANSAMERICA LIFE INSURANCE CO · Recordkeeping · Loan processing$4,985
DEFINITI, LLC · Recordkeeping · Loan processing$500
EMPOWER ADVISORY GROUP LLC · Investment management$7,625
MESIROW FINANCIAL, INC. · Investment advisory (plan)$95

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$16,154 · 0.65%
2023$7,857 · 0.36%
2022$33,079 · 1.44%
Same employer
Similar plansAccommodation & Food Services · Colorado
St. Julien Hotel and Spa CO$2.9M · 0.07%
Lbe Holdings, LLC CO$2.8M · 1.74%
Illegal Pete's, LLC CO$2.4M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841610444 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.