Plan Ledger DOL Form 5500 · updated monthly

Sandpiper Property Mgt401(k)

SANDPIPER HOSPITALITY 401(K) RETIREMENT PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
3.08%

Sandpiper Property Mgt reported $18,705 in plan administrative expenses for 2024: 3.08% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 0.70% to 3.08%. 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 Virginia (2,194th of 2,266), and 1,796th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$799,780
Participants with balances357
Active participants394
Employer contributions—
Employee contributions$563,078
Employer contribution per active participant—
Average account balance$2,240
Benefits paid to participants$230,491
Plan auditUnmodified (clean) audit opinion
AuditorHARRIS, HARDY & JOHNSTONE, P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$800K · 357 accts
2023$414K · 379 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,527
Investment management$5,178
Total administrative$18,705
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$13,527
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 history2
2024$18,705 · 3.08%
2023$2,915 · 0.70%
Similar plansAccommodation & Food Services · Virginia
Belle Holdings Inc. VA$1.0M · 0.13%
District Taco LLC VA$668K · 0.80%
Flow Beverages Inc VA$661K · 0.38%
Wen-Gap LLC VA$521K · 1.18%
Commonwealth Pizza Inc VA$174K · 2.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460983462 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.