2023 Form 5500 filing — The Hersha Hospitality Management 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 20241002095821NAL0008115521001) for The Hersha Hospitality Management 401(K) Plan, reported by Hersha Hospitality Management, L.P. under EIN 23-2947379 and plan number 001. It reports 9,086 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241002095821NAL0008115521001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Hersha Hospitality Management, L.P.
- EIN
- 23-2947379
- Plan number
- 001
- Location
- Philadelphia, PA
- Participants
- 9,086
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $59,658,501
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $59,658,501
- Employer contributions
- $1,822,455
- Participant contributions
- $9,612,550
- Total income / additions
- $21,646,130
- Benefits paid
- $5,347,093
- Administrative expenses
- $118,777
- Total expenses
- $5,552,504
- Net increase / (decrease)
- $16,093,626
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $36,237 | $0 |
| Creative Planning Holdco LLC | CONSULTANT | $31,518 | not reported in the loaded dataset |
| Strategic Advisors, Inc. | ADVISOR | $27,722 | not reported in the loaded dataset |
| Boles Metzger Brosius & Walborn Pc | ACCOUNTANT/AUDITOR | $13,000 | not reported in the loaded dataset |
| Lockton Retirement Services | CONSULTANT | $10,300 | not reported in the loaded dataset |