Plan Snapshot
- Plan Sponsor: Virgin Hotels North America, LLC
- Sponsor EIN: 272839900
- Sponsor Address: 3390 MARY STREET, SUITE 218, COCONUT GROVE, FL, 331335258
- Plan Type: 401(k)
- Total Participants: 611
- Total Assets: $4.7M
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 | 611 | $4.7M | $376,034 | $908,481 |
| 2023 | 543 | $3.5M | $302,018 | $744,287 |
| 2022 | 424 | $2.2M | $190,088 | $481,356 |
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 | $21,297 | — | $21,297 |
| ROSALINE MENDOZA CPA PA | ACCOUNTANT | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROSALINE MENDOZA CPA PA — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,297
- Estimated Expense Ratio: 0.794% 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 | $52,497 | — | $36,497 | $16,000 | — |
| 2023 | $29,941 | — | — | $15,500 | — |
| 2022 | $23,001 | — | — | — | — |