Plan Ledger DOL Form 5500 · updated monthly

Twin Tier Hospitality LLC401(k)

TWIN TIER HOSPITALITY 401(K) PLAN · WESTLAKE, OH · plan year 2022

Reported admin expense ratio · 2022
1.33%

Twin Tier Hospitality LLC reported $32,411 in plan administrative expenses for 2022: 1.33% 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 rose from 1.33% to 2.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Ohio (2,981st of 3,295), and 1,375th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$2,233,974
Participants with balances571
Active participants476
Employer contributions—
Employee contributions$185,361
Employer contribution per active participant—
Average account balance$3,912
Benefits paid to participants$195,624
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP INC
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 235 accts · $24K emplr
2023$2.0M · 447 accts · $25K emplr
2022$2.2M · 571 accts
Administrative expenses, itemized · 2022
Investment management$32,411
Total administrative$32,411
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024CITIZENS & NORTHERN BANK
2023CITIZENS & NORTHERN BANK

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Administrative cost history3
2024$42,709 · 2.20%
2023$79,911 · 3.74%
2022$32,411 · 1.33%
Similar plansAccommodation & Food Services · Ohio
Pacific Food Inc OH$2.4M · 1.07%
Chestnut Land Company OH$2.4M · 0.05%
Bertram Inn OH$2.4M · 1.34%
Madtree Brewing, LLC OH$2.2M · 1.83%
Kendall House, Inc. OH$2.2M · 0.74%
Blue Ridge Bread, Inc. OH$2.2M · 0.61%
Jkb Management, Inc. OH$2.1M · 1.67%
Speedy Management, LTD. OH$2.0M · 1.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061533305 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.