Plan Ledger DOL Form 5500 · updated monthly

Ssp America, Inc.401(k)

SSP AMERICA, INC. 401(K) SAVINGS PLAN · LANSDOWNE, VA · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Ssp America, Inc. reported $104,101 in plan administrative expenses for 2023: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $314 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 has held roughly steady near 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 824th-largest of 2,266 plans among Virginia employers on file, and the 240th of 2,240 in accommodation & food services. In 2023, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,133,510
Participants with balances1,920
Active participants5,837
Employer contributions$1,830,612
Employee contributions$4,112,672
Employer contribution per active participant$314
Average account balance$13,611
Benefits paid to participants$3,604,061
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$26.1M · 1,920 accts · $1.8M emplr
2022$19.2M · 708 accts · $1.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$63,555
Investment management$40,546
Total administrative$104,101
The Ssp America, Inc. 401(k) match · 2023
Employer contribution per active participant$314
Median for plans this size$2,440
2023$314 per active participant
2022$229 per active participant

Ssp America, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$63,555
MMA SECURITIES · Investment advisory (plan)$40,546

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

Administrative cost history2
2023$104,101 · 0.46%
2022$88,718 · 0.44%
All plans at this employer2
SSP AMERICA, INC. 401(K) SAVINGS PLAN401(k)
SSP AMERICA, INC. UNION SAN DIEGO PLAN401(k)
Same employer
Similar plansAccommodation & Food Services · Virginia
Gate Gourmet, Inc. VA$101.0M · 0.21%
Guest Services, Inc. VA$39.6M · 0.49%
Hilton International LLC VA$23.6M · 0.06%
Uva Host Properties, Inc. VA$12.8M · 0.16%
Meriwether-Godsey, Inc. VA$10.4M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330169494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.