# Magna Hospitality Group, L.C. 401(k) Plan
Source: https://planprovider.pro/companies/magna-hospitality-group-l-c-401k-plan

> Magna Hospitality Group, L.C.'s 401(k) plan: 2,870 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magna Hospitality Group, L.C.

- **Sponsor EIN:** 650846862

- **Sponsor Address:** THE SUMMIT, WARWICK EXECUTIVE PARK, WARWICK, RI, 02886

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

- **Total Participants:** 2,870

- **Total Assets:** $23.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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.|

| 2024|2,870|$23.7M|$729,110|$4.2M|

| 2023|2,085|$20.0M|$755,552|$3.6M|

| 2022|1,608|$13.8M|$570,118|$2.3M|

## 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|

| CITRIN COOPERMAN & COMPANY, LLP|Auditor|$38,338|—|$38,338|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $38,338

- **Estimated Expense Ratio:** 0.162% 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|$201,259|$20,332|$112,090|$38,338|—|

| 2023|$153,996|$15,377|$109,883|$5,670|—|

| 2022|$189,918|—|—|—|—|

## Similar Plans

- [Lenox Hospitality Services, INC.](https://planprovider.pro/companies/lenox-hospitality-services-inc-401k-plan) — 1,303 participants

- [Stepstone Hospitality INC.](https://planprovider.pro/companies/stepstone-hospitality-inc-401k-plan) — 1,217 participants

- [Carpionato Properties, INC.](https://planprovider.pro/companies/carpionato-properties-inc-401k-plan) — 250 participants

- [Ocean House Management, LLC](https://planprovider.pro/companies/ocean-house-management-llc-401k-plan) — 229 participants

- [Yankee Development Corp. And Related Affiliates](https://planprovider.pro/companies/yankee-development-corp-and-related-affiliates-401k-plan) — 90 participants

- [Newport Hotel Group, LLC](https://planprovider.pro/companies/newport-hotel-group-llc-401k-plan) — 82 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/magna-hospitality-group-l-c-401k-plan)

© 2026 PlanProvider.Pro