Fontainebleau Development LLC 401(k) Review & Grade
Fontainebleau Development LLC 401(k) Plan
Miami Beach, FLReal Estate & Rental2,676 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,037Employer $ per active participant
$611Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$14.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.4 / 5043th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 27th |
| Employee saving | 6th |
| Peers that auto-enroll | 46% |
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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
- Fontainebleau Development put in about $1,037 per active participant, below the typical peer ($1,141). 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.
- Direct plan expenses (0.26% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,775,164 |
| Participant (employee) contributions | $1,635,413 |
| Other contributions (incl. rollovers in) | $1,154,741 |
| Administrative expenses paid from the plan | $39,772 |
| Investment advisory & management fees | $6,187 |
| Benefits paid out | $1,492,286 |
| Net assets, start / end of year | $16.2M / $14.2M |
| Active participants, start / end of year | 5,178 / 174 |
| Participants with account balances | 205 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Matthew Gonzalez |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $33,585 reported compensation |
| Strategic Advisors, Inc. | $6,187 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014124214NAL0003977328001, received 2025-10-14, EIN 83-3330855, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.