Plan Ledger DOL Form 5500 · updated monthly

Schulte Hospitality Group, Inc.401(k)

SCHULTE HOSPITALITY GROUP, INC. 401(K) PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Schulte Hospitality Group, Inc. reported $227,789 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $521 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 0.68% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 156th-largest of 871 plans among Kentucky employers on file, and the 147th of 2,240 in accommodation & food services. In 2024, employees put in $3.75 for every $1.00 the employer contributed; active participation has grown from 5,118 to 5,821 since 2022.

Plan summary
Net assets, end of year$45,851,698
Participants with balances6,311
Active participants5,821
Employer contributions$3,035,118
Employee contributions$11,367,788
Employer contribution per active participant$521
Average account balance$7,265
Benefits paid to participants$9,415,824
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.9M · 6,311 accts · $3.0M emplr
2023$35.0M · 6,309 accts · $3.3M emplr
2022$21.2M · 6,522 accts · $883K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$227,789
Total administrative$227,789
The Schulte Hospitality Group, Inc. 401(k) match · 2024
Employer contribution per active participant$521
Median for plans this size$2,416
2024$521 per active participant
2023$622 per active participant
2022$172 per active participant

Schulte Hospitality Group, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
ADP, INC. · Recordkeeping$227,788

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

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Administrative cost history3
2024$227,789 · 0.56%
2023$191,762 · 0.68%
2022$132,131 · 0.68%
Same employer
Similar plansAccommodation & Food Services · Kentucky
Yum Brands, Inc. KY$1.1B · 0.12%
Crestview Management LLC KY$93.5M · 0.12%
Manna, Inc. KY$29.6M · 0.26%
Aljsco Management LLC. KY$15.4M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371392767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.