Plan Snapshot
- Plan Sponsor: Chelsea Hotel F&B LLC
- Sponsor EIN: 824798123
- Sponsor Address: 222 WEST 23RD STREET, NEW YORK, NY, 10011
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 389
- Total Assets: $762,601
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 389 | $762,601 | $0 | $0 |
| 2024 | 198 | $522,232 | $0 | $361,509 |
| 2023 | 306 | $271,475 | $0 | $237,088 |
| 2022 | 311 | $68,426 | $0 | $72,169 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VESTWELL | Recordkeeper | $35,668 | — | $35,668 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,668
- Estimated Expense Ratio: 4.677% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $282,784 | $2,792 | $35,668 | — | — |
| 2024 | $26,187 | $1,930 | $24,257 | — | — |
| 2023 | $66,349 | — | — | — | — |
| 2022 | $2,871 | — | — | — | — |