NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK CITY, INC. 401K SAVINGS PLAN · NEW YORK, NY · plan year 2024
Reported admin expense ratio · 2024
0.17%
The Board of Trustees reported $1,274,238 in plan administrative expenses for 2024: 0.17% of average plan assets, higher than ~75% of peers. 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 3 years on file its reported administrative ratio has held roughly steady near 0.166%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 144th-largest of 5,648 plans among New York employers on file, and the 15th of 2,240 in accommodation & food services.
Plan summary
Net assets, end of year$813,071,686
Participants with balances12,809
Active participants26,060
Employer contributions—
Employee contributions$68,754,900
Employer contribution per active participant—
Average account balance$63,477
Benefits paid to participants$59,489,964
Plan auditUnmodified (clean) audit opinion
AuditorMSPC CERTIFIED PUBLIC ACCOUNTANTS &
Plan history3
Yearassets · accounts · employer contribution
2024$813.1M · 12,809 accts
2023$717.5M · 12,420 accts
2022$620.8M · 12,521 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$735,870
Investment management$62,500
Audit (IQPA)$10,000
Total administrative$1,274,238
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 · 20247
NYHTC - HEALTH CENTER, INC. · Recordkeeping$277,610
NYHTC - HEALTH BENEFITS FUND · Recordkeeping$57,251
Source: U.S. Department of Labor, Form 5500 series, EIN 134178178 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.