Fontainebleau Development LLC 401(k) Review & Grade
Fontainebleau Florida Hotel 401(k) Plan
Miami Beach, FLAccommodation & Food Services808 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,411Employer $ per active participant
$2,581Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$29.2MNet plan assets, end of year
$44,559Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 46th |
| Employee saving | 89th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($120,532 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Fontainebleau Development put in about $1,411 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,139,713 |
| Participant (employee) contributions | $2,083,907 |
| Other contributions (incl. rollovers in) | $393,217 |
| Administrative expenses paid from the plan | $70,754 |
| Benefits paid out | $3,284,035 |
| Net assets, start / end of year | $25.6M / $29.2M |
| Active participants, start / end of year | 733 / 882 |
| Participants with account balances | 656 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Berkowitz Pollack Brant |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,754 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014194054NAL0003565441001, received 2025-10-14, EIN 20-2401133, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.