2023 Form 5500 filing — Driftwood Hospitality Management, Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241001160140NAL0003436787001) for Driftwood Hospitality Management, Inc. 401(K) Plan, reported by Driftwood Hospitality Management, LLC under EIN 65-1006992 and plan number 001. It reports 3,688 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001160140NAL0003436787001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Driftwood Hospitality Management, LLC
- EIN
- 65-1006992
- Plan number
- 001
- Location
- North Palm Beach, FL
- Participants
- 3,688
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,431,677
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,431,677
- Employer contributions
- $788,805
- Participant contributions
- $2,674,396
- Total income / additions
- $8,176,416
- Benefits paid
- $1,714,066
- Administrative expenses
- $153,683
- Total expenses
- $2,017,226
- Net increase / (decrease)
- $6,159,190
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $82,982 | $0 |
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $46,636 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $15,566 | not reported in the loaded dataset |
| Assurance Dimensions | AUDITOR | $8,500 | not reported in the loaded dataset |