Plan Snapshot
- Plan Sponsor: Highgate Hotels LLC
- Sponsor EIN: 660849483
- Sponsor Address: 1369 ASHFORD AVE, SAN JUAN, PR, 00907
- Plan Type: DC
- Total Participants: 477
- Total Assets: $2.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 477 | $2.2M | $69,146 | $507,546 |
| 2022 | 352 | $1.3M | $49,302 | $339,865 |
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 | RECORDKEEPER | $49,586 | — | $49,586 |
| ORIENTAL BANK & TRUST | OTHER | $7,142 | — | $7,142 |
| A & A EMPLOYEE BENEFITS CONSULTNG | CONTRACT ADMIN | $4,000 | $1,602 | $5,602 |
| SHARON & GONZALEZ LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,330
- Estimated Expense Ratio: 2.843% 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 |
|---|---|---|---|---|---|
| 2023 | $25,943 | — | — | — | — |
| 2022 | $65,931 | — | — | — | — |