Turnberry Hospitality Management 401(k) Review & Grade
Turnberry Hospitality Retirement Savings Plan
Aventura, FLAccommodation & Food Services596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,437Employer $ per active participant
$2,304Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$11.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 66th |
| Employee saving | 87th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Turnberry Hospitality Management put in about $1,437 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.
- 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 | $855,536 |
| Participant (employee) contributions | $1,372,306 |
| Other contributions (incl. rollovers in) | $259,128 |
| Administrative expenses paid from the plan | $13,873 |
| Investment advisory & management fees | $7,187 |
| Benefits paid out | $1,018,322 |
| Net assets, start / end of year | $9.0M / $11.7M |
| Active participants, start / end of year | 565 / 626 |
| Participants with account balances | 296 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rosen Gerstle |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $7,187 reported compensation |
| Fidelity Investments Institutional | $6,686 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011090255NAL0013732256001, received 2025-10-11, EIN 52-2265252, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.