Plan Ledger DOL Form 5500 · updated monthly

The Gasparilla Inn, Inc.401(k)

THE GASPARILLA INN, INC. 401K PLAN · BOCA GRANDE, FL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

The Gasparilla Inn, Inc. reported $81,930 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,023 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 0.78% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 1,444th-largest of 3,644 plans among Florida employers on file, and the 439th of 2,240 in accommodation & food services. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 188 to 234 since 2022.

Plan summary
Net assets, end of year$13,807,392
Participants with balances341
Active participants234
Employer contributions$707,379
Employee contributions$1,080,625
Employer contribution per active participant$3,023
Average account balance$40,491
Benefits paid to participants$1,092,681
Plan auditUnmodified (clean) audit opinion
AuditorSUPLEE SHEA CRAMER & MILLER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 341 accts · $707K emplr
2023$11.7M · 329 accts · $761K emplr
2022$8.2M · 289 accts · $549K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,378
Investment management$34,552
Total administrative$81,930
The The Gasparilla Inn, Inc. 401(k) match · 2024
Employer contribution per active participant$3,023
Median for plans this size$2,416
2024$3,023 per active participant
2023$3,982 per active participant
2022$2,920 per active participant

The Gasparilla Inn, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
JOHN HANCOCK INS CO (USA) · Recordkeeping · Investment management$4,242
FLORIDA RETIREMENT CONSULTANTS · Recordkeeping · Loan processing$3,760
MERRILL LYNCH · Investment advisory (participants)$34,552

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

Recordkeeper by year2
2024FLORIDA RETIREMENT CONSULTANTS, John Hancock
2023FLORIDA RETIREMENT CONSULTANTS, John Hancock

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

Administrative cost history3
2024$81,930 · 0.64%
2023$67,050 · 0.67%
2022$58,237 · 0.78%
Same employer
Similar plansAccommodation & Food Services · Florida
Club Med Sales, Inc. FL$17.8M · 0.56%
T.B.H.C., Inc. FL$16.2M · 0.49%
Flanigans Enterprises, Inc. FL$14.5M · 0.06%
Sandestin Beach Hotel, LTD FL$13.4M · 0.60%
Millers Ale House, Inc FL$12.7M · 0.49%
Mdm Hotel Group Limited FL$12.6M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590940303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.