Plan Ledger DOL Form 5500 · updated monthly

Turnberry Hospitality Management401(k)

TURNBERRY ASSOCIATES 401(K) PROFIT SHARING PLAN · AVENTURA, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Turnberry Hospitality Management reported $17,266 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,487 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 0.10% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,037th-largest of 3,644 plans among Florida employers on file, and the 605th of 2,096 in real estate & leasing. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 267 to 303 since 2022.

Plan summary
Net assets, end of year$22,229,774
Participants with balances379
Active participants303
Employer contributions$753,494
Employee contributions$1,199,235
Employer contribution per active participant$2,487
Average account balance$58,654
Benefits paid to participants$2,311,540
Plan auditUnmodified (clean) audit opinion
AuditorGERSTLE, ROSEN & GOLDENBERG, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 379 accts · $753K emplr
2023$19.3M · 375 accts · $648K emplr
2022$16.1M · 395 accts · $420K emplr
Administrative expenses, itemized · 2024
Investment management$14,800
Total administrative$17,266
The Turnberry Hospitality Management 401(k) match · 2024
Employer contribution per active participant$2,487
Median for plans this size$2,416
2024$2,487 per active participant
2023$2,056 per active participant
2022$1,573 per active participant

Turnberry Hospitality Management'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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$14,800
CAPFINANCIAL PARTNERS, LLC · Consulting$12,360
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024$17,266 · 0.08%
2023$47,908 · 0.27%
2022$17,268 · 0.10%
Same employer
Similar plansReal Estate & Leasing · Florida
Kw Property Management LLC FL$25.3M · 0.74%
The Graham Companies FL$23.2M · 0.44%
The Scottsdale Company FL$22.5M · 0.19%
Ch Employment Services, LLC FL$21.9M · 0.41%
Ifco Systems US, LLC FL$18.6M · 0.51%
Castle Management, LLC FL$18.4M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251224466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.