Plan Ledger DOL Form 5500 · updated monthly

Tupelo Honey Hospitality Corpora401(k)

TUPELO HONEY HOSPITALITY CORPORATION 401(K) PLAN · ASHEVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
1.57%

Tupelo Honey Hospitality Corpora reported $40,887 in plan administrative expenses for 2024: 1.57% of average plan assets, higher than ~90% 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 2 years on file its reported administrative ratio fell from 2.17% to 1.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in North Carolina (1,678th of 2,005), and 1,236th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$2,839,789
Participants with balances258
Active participants941
Employer contributions—
Employee contributions$583,700
Employer contribution per active participant—
Average account balance$11,007
Benefits paid to participants$343,118
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 258 accts
2023$2.4M · 293 accts · $42K emplr
2022$1.6M · 289 accts · $20K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,618
Investment management$7,269
Total administrative$40,887
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 · 20242
ADP, INC. · Recordkeeping$33,618
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$7,269

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

Recordkeeper by year2
2024ADP, GALLAGHER BENEFIT SERVICES
2023ADP, GALLAGHER BENEFIT SERVICES

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Administrative cost history3
2024$40,887 · 1.57%
2023$36,994 · 1.86%
2022$34,577 · 2.17%
Same employer
Similar plansAccommodation & Food Services · North Carolina
Boj of Wnc, LLC NC$3.6M · 1.69%
Daly Seven, Inc. NC$3.1M · 0.51%
Platinum Corral, LLC NC$3.1M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461243795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.