Hersha Hospitality Management, L.P. 401(k) Review & Grade
The Hersha Hospitality Management 401(k) Plan
Philadelphia, PAAccommodation & Food Services10,108 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$195Employer $ per active participant
$1,054Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$73.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 34th |
| Employee saving | 55th |
| Peers that auto-enroll | 24% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $512,630 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hersha Hospitality Management, L.P. put in about $195 per active participant, below the typical peer ($393). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $1,969,299 |
| Participant (employee) contributions | $10,653,696 |
| Other contributions (incl. rollovers in) | $2,010,552 |
| Administrative expenses paid from the plan | $85,048 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $26,406 |
| Other admin expenses | $42,754 |
| Benefits paid out | $8,344,110 |
| Net assets, start / end of year | $59.7M / $73.5M |
| Active participants, start / end of year | 8,581 / 11,635 |
| Participants with account balances | 2,538 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boles Metzger Brosius & Walborn PC |
Largest service providers (Schedule C)
| Creative Planning Holdco LLC | $42,754 reported compensation |
| Strategic Advisors, Inc. | $26,406 reported compensation |
| Fidelity Investments Institutional | $2,890 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095738NAL0008622418001, received 2025-10-15, EIN 23-2947379, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.