# Driftwood Hospitality Management, LLC 401(k) Plan
Source: https://planprovider.pro/companies/driftwood-hospitality-management-llc-401k-plan

> Driftwood Hospitality Management, LLC's 401(k) plan: 3,193 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Driftwood Hospitality Management, LLC

- **Sponsor EIN:** 651006992

- **Sponsor Address:** 11770 US HWY 1 SUITE 202, NORTH PALM BEACH, FL, 33408

- **Plan Type:** 401(k)

- **Total Participants:** 3,193

- **Total Assets:** $32.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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.|

| 2024|3,193|$32.9M|$914,359|$3.1M|

| 2023|3,094|$28.4M|$788,805|$2.7M|

| 2022|2,559|$22.3M|$628,792|$2.2M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY O|RECORDKEEPER|$102,146|—|$102,146|

| MERRILL LYNCH PIERCE FENNER & SMITH|INVESTMENT ADVISOR|$57,398|—|$57,398|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$23,108|—|$23,108|

| ASSURANCE DIMENSIONS|AUDITOR|$8,500|—|$8,500|

| ASSURANCE DIMENSIONS, INC.|Auditor|$8,500|—|$8,500|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ASSURANCE DIMENSIONS, INC.](https://planprovider.pro/provider/assurance-dimensions-inc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $199,652

- **Estimated Expense Ratio:** 0.608% 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|

| 2024|$175,723|$65,077|—|$8,500|—|

| 2023|$153,683|$62,201|—|$8,500|—|

| 2022|$174,556|—|$174,556|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/driftwood-hospitality-management-llc-401k-plan)

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