Plan Ledger DOL Form 5500 · updated monthly

Sunburst Hospitality Corporation401(k)

SUNBURST HOSPITALITY CORPORATION RETIREMENT SAVINGS AND INVESTMENT PLAN · FULTON, MD · plan year 2023

Reported admin expense ratio · 2023
0.70%

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

Sunburst Hospitality Corporation reported $184,945 in plan administrative expenses for 2023: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $825 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 1 year on file its reported administrative ratio rose from 0.55% to 0.70%. 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 496th-largest of 1,671 plans among Maryland employers on file, and the 218th of 2,240 in accommodation & food services. In 2023, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,963,407
Participants with balances395
Active participants941
Employer contributions$776,415
Employee contributions$1,595,851
Employer contribution per active participant$825
Average account balance$70,793
Benefits paid to participants$2,903,357
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$28.0M · 395 accts · $776K emplr
2022$24.8M · 385 accts · $791K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$184,945
Total administrative$184,945
The Sunburst Hospitality Corporation 401(k) match · 2023
Employer contribution per active participant$825
Median for plans this size$2,440
2023$825 per active participant
2022$862 per active participant

Sunburst Hospitality Corporation'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 · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$134,250
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$50,460
COASTAL PENSION SERVICES LLC · Contract administrator · Other services$235
SUNBURST HOSPITALITY CORPORATION · Participant communicationindirect comp

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$184,945 · 0.70%
2022$146,928 · 0.55%
Same employer
Similar plansAccommodation & Food Services · Maryland
Sage Dining Services, Inc. MD$63.6M · 0.23%
Lemek, LLC dba Panera Bread MD$11.7M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521985619 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.