Plan Ledger DOL Form 5500 · updated monthly

Turnberry Hospitality Management401(k)

TURNBERRY HOSPITALITY RETIREMENT SAVINGS PLAN · AVENTURA, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Turnberry Hospitality Management reported $13,873 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,367 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 0.36% to 0.13%. 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 1,617th-largest of 3,644 plans among Florida employers on file, and the 494th of 2,240 in accommodation & food services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 519 to 626 since 2022.

Plan summary
Net assets, end of year$11,706,740
Participants with balances296
Active participants626
Employer contributions$855,536
Employee contributions$1,372,306
Employer contribution per active participant$1,367
Average account balance$39,550
Benefits paid to participants$1,018,322
Plan auditUnmodified (clean) audit opinion
AuditorROSEN GERSTLE
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 296 accts · $856K emplr
2023$9.0M · 251 accts · $747K emplr
2022$5.7M · 225 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,686
Investment management$7,187
Total administrative$13,873
The Turnberry Hospitality Management 401(k) match · 2024
Employer contribution per active participant$1,367
Median for plans this size$2,416
2024$1,367 per active participant
2023$1,323 per active participant
2022$796 per active participant

Turnberry Hospitality Management's 2024 employer contribution ran below 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,187
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,686

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$13,873 · 0.13%
2023$25,770 · 0.35%
2022$20,722 · 0.36%
Similar plansAccommodation & Food Services · Florida
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%
Briggs Management LLC FL$11.4M · 0.35%
Travel Traders Hotels Inc FL$11.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522265252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.