Sonesta Plan Administration Committee 401(k) match, vesting and fees
What Sonesta Plan Administration Committee's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Pedro M Lopez Maldonado, Cpa (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,100 defined-contribution plans in accommodation and food services with 100 to 499 participants.
| Sonesta Plan Administration Committee: employer contribution per participant | $1,377 | |
| Peer median | $935 |
| Sonesta Plan Administration Committee: average balance | $11,772 | |
| Peer median | $24,052 |
| Sonesta Plan Administration Committee: admin expenses ÷ assets | 0.56% | |
| Peer median | 0.61% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $49K at the end of plan year 2021 to $1.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 268 | $1.6M | $183K | $1,377 | 0.56% | Not published | Form 5500 ↗ |
| 2023 | 270 | $954K | $169K | $1,386 | 0.67% | Not published | Form 5500 ↗ |
| 2022 | 165 | $437K | $156K | $1,348 | 0.62% | Not published | Form 5500 ↗ |
| 2021 | 173 | $49K | $18K | $169 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Sonesta Plan Administration Committee match 401(k) contributions?
The match terms for the Sonesta Puerto Rico Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $183K in employer contributions, about $1,377 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sonesta Plan Administration Committee 401(k) match vested?
The vesting schedule for the Sonesta Puerto Rico Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sonesta Plan Administration Committee 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Sonesta Plan Administration Committee.
I left Sonesta Plan Administration Committee. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sonesta Plan Administration Committee, (617) 631-8523) or the recordkeeper, Principal Life Insurance Company. The Sonesta Plan Administration Committee old 401(k) page lists the contacts from every plan filing. Find an old Sonesta Plan Administration Committee 401(k)
Data from the public Form 5500 annual reports Sonesta Plan Administration Committee filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Sonesta Plan Administration Committee. Not financial advice. Report a correction · Methodology