Plan Snapshot
- Plan Sponsor: Hersha Hospitality Management, L.P.
- Sponsor EIN: 232947379
- Sponsor Address: 2001 MARKET STREET, PHILADELPHIA, PA, 19103
- Plan Type: 401(k)
- Total Participants: 11,635
- Total Assets: $73.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 11,635 | $73.5M | $2.0M | $10.7M |
| 2023 | 8,581 | $59.7M | $1.8M | $9.6M |
| 2022 | 8,629 | $43.6M | $1.3M | $6.7M |
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 |
|---|---|---|---|---|
| CREATIVE PLANNING HOLDCO LLC | CONSULTANT | $42,754 | — | $42,754 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $26,406 | — | $26,406 |
| BOLES METZGER BROSIUS & WALBORN PC | Auditor | $13,000 | — | $13,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING HOLDCO LLC — CONSULTANT
- STRATEGIC ADVISORS, INC. — ADVISOR
- BOLES METZGER BROSIUS & WALBORN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,160
- Estimated Expense Ratio: 0.112% 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 | $85,048 | $26,406 | $300 | $13,000 | — |
| 2023 | $118,777 | $27,722 | — | $13,000 | — |
| 2022 | $117,199 | $15,563 | — | — | — |