Plan Ledger DOL Form 5500 · updated monthly

Seagate Hospitality Group401(k)

HHC FLORIDA 401(K) PLAN · DELRAY BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Seagate Hospitality Group reported $25,485 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,849 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 1.21% to 1.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (2,989th of 3,644), and 1,840th of 2,534 in administrative & support services. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has shrunk from 250 to 221 since 2022.

Plan summary
Net assets, end of year$2,521,729
Participants with balances217
Active participants221
Employer contributions$408,683
Employee contributions$640,495
Employer contribution per active participant$1,849
Average account balance$11,621
Benefits paid to participants$693,748
Plan auditUnmodified (clean) audit opinion
AuditorGERSTLE ROSEN & GOLDENBERG P.A
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 217 accts · $409K emplr
2023$1.9M · 255 accts · $430K emplr
2022$1.1M · 260 accts · $462K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,420
Investment management$11,065
Total administrative$25,485
The Seagate Hospitality Group 401(k) match · 2024
Employer contribution per active participant$1,849
Median for plans this size$1,313
2024$1,849 per active participant
2023$1,838 per active participant
2022$1,849 per active participant

Seagate Hospitality Group's 2024 employer contribution ran above 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$14,420
SAGEVIEW ADVISORY GROUP LLC · Recordkeeping · Trustee$11,065

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, SAGEVIEW ADVISORY GROUP LLC
2023ADP, SAGEVIEW ADVISORY GROUP LLC

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

Administrative cost history3
2024$25,485 · 1.15%
2023$18,287 · 1.21%
2022$8,435 · 1.21%
Similar plansAdministrative & Support Services · Florida
Blue Sea Dental LLC FL$2.8M · 0.44%
Yang Enterprises, Inc. FL$2.7M · 0.36%
Patlive, Inc. FL$2.5M · 0.72%
Shinto Landscaping LLC FL$2.0M · 2.04%
Eks Group, LLC FL$2.0M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202710835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.