Plan Snapshot
- Plan Sponsor: Island Hospitality Management, LLC
- Sponsor EIN: 260250123
- Sponsor Address: 222 LAKEVIEW AVE SUITE 200, WEST PALM BEACH, FL, 334016146
- Plan Type: 401(k)
- Total Participants: 2,316
- Total Assets: $33.2M
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 | 2,316 | $33.2M | $1.1M | $2.2M |
| 2023 | 2,478 | $30.6M | $969,003 | $1.9M |
| 2022 | 2,877 | $25.9M | $922,342 | $1.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $19,349 | — | $19,349 |
| KESTRA INVESTMENT SERVICES LLC | OTHER SERVICES | — | $9,012 | $9,012 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA INVESTMENT SERVICES LLC — OTHER SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,361
- Estimated Expense Ratio: 0.085% 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 | $19,349 | — | $19,349 | — | — |
| 2023 | $19,883 | — | $19,883 | — | — |
| 2022 | $46,702 | — | $46,702 | — | — |