Plan Snapshot
- Plan Sponsor: Sunburst Hospitality Corporation
- Sponsor EIN: 521985619
- Sponsor Address: 8171 MAPLE LAWN BOULEVARD, FULTON, MD, 20759
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 941
- Total Assets: $28.0M
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. |
|---|---|---|---|---|
| 2023 | 941 | $28.0M | $776,415 | $1.6M |
| 2022 | 918 | $24.8M | $791,378 | $1.6M |
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 | Recordkeeper | $134,250 | — | $134,250 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $50,460 | $257 | $50,717 |
| COASTAL PENSION SERVICES LLC | Recordkeeper | $235 | $22,920 | $23,155 |
| SUNBURST HOSPITALITY CORPORATION | Other Service Provider | — | $15,613 | $15,613 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $223,735
- Estimated Expense Ratio: 0.800% 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 | $184,945 | — | $184,945 | — | — |
| 2022 | $146,928 | — | $146,928 | — | — |