Plan Ledger DOL Form 5500 · updated monthly

Sun Capital Hotels401(k)

SUN CAPITAL HOTELS 401(K) PROFIT SHARING PLAN & TRUST · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Sun Capital Hotels reported $7,340 in plan administrative expenses for 2024: 0.87% of average plan assets, below the peer median. Employer contributions averaged $284 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 5.01% to 0.87%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Mexico (270th of 290), and 3,080th of 3,341 in other services. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 190 to 276 since 2022.

Plan summary
Net assets, end of year$961,046
Participants with balances520
Active participants276
Employer contributions$78,359
Employee contributions$165,439
Employer contribution per active participant$284
Average account balance$1,848
Benefits paid to participants$109,850
Plan auditUnmodified (clean) audit opinion
AuditorERIN M PERDUE CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$961K · 520 accts · $78K emplr
2023$735K · 373 accts · $72K emplr
2022$482K · 301 accts · $80K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,195
Investment management$285
Trustee / custodial$860
Total administrative$7,340
The Sun Capital Hotels 401(k) match · 2024
Employer contribution per active participant$284
Median for plans this size$540
2024$284 per active participant
2023$294 per active participant
2022$420 per active participant

Sun Capital Hotels's 2024 employer contribution ran below the $540 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.

Administrative cost history3
2024$7,340 · 0.87%
2023$5,173 · 0.85%
2022$23,319 · 5.01%
Similar plansOther Services · New Mexico
Lubricar, Inc. NM$6.1M · 0.06%
Guthrie's Garage, Inc. NM$944K · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472941338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.