Retirement plan

AMERICAN HOSPITALITY ASSOCIATIONS 401(K) PLAN

Name: NEW HAMPSHIRE LODGING & RESTAURANT ASSOCIATION (NHRLA) - AMERICAN HOSPITALITY ASSOCIATIONS 401(K) PLAN (2022) Form 5500
Creator: NEW HAMPSHIRE LODGING & RESTAURANT ASSOCIATION (NHRLA)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN HOSPITALITY ASSOCIATIONS 401(K) PLAN, NEW HAMPSHIRE LODGING & RESTAURANT ASSOCIATION (NHRLA)

NEW HAMPSHIRE LODGING & RESTAURANT ASSOCIATION (NHRLA)EIN 02-0216783Plan #001PY 2022

P.O. BOX 1175, 16 CENTRE STREET, SUITE 3 - CONCORD, NH 033016321603-228-9585nhlra.comLinkedIn1-10 employeeshospitality

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$21M

-8.6% from 2021

Total participants

2,791

+17.2% from 2021

Average account balance

$31,976

-6.6% from 2021

Annual return

-17.22%

-35.31 pp from 2021

Benchmarks

See 266 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$32.46M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$34K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

968

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

24.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.16%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$339

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
BPAS5 years Filed as: BPAS, INC. Service code 14 · EIN 16-1503696 6 RHOADS DRIVE · UTICA, NY 13502	Plan Administrator	$90,736
GRANITE FINANCIAL PARTNERS8+ years Service code 26 · EIN 20-3917294 388 NASHUA ST · MILFORD, NH 03055	Advisory (Participants)	$87,586
SAMET & COMPANY PC2 years Service code 10 1330 BOYLSTON STREET · CHESTNUT HILL, MA 02467	Accounting	$38,000
NEW HAMPSHIRE LODGING & RESTAURANT5 years Service code 14 · EIN 02-0216783 341 LOUDON ROAD · CONCORD, NH 03301	Plan Administrator	$10,342

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2S2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$227K

$85 / participant

Investment mgmt$151K66.7%
Contract admin$35K15.5%
Other / not subdivided$40K17.8%

% of EOY assets

1.081%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,976

$26,906+18.8%

$61,399-47.9%

$77,906-59.0%

Participation rate

19.7%

33.4%-13.7pp

52.6%-32.8pp

73.7%-54.0pp

Annual return

-17.22%

-14.46%-2.8pp

338.81%-356.0pp

12.16%-29.4pp

Employer contribution / active EE

$262

$521-49.6%

$1,159-77.4%

$2,846-90.8%

Participant deferral / active EE

$783

$1,180-33.6%

$2,124-63.1%

$4,805-83.7%

Admin fee / account holder

$346

$117+195.4%

$2,131-83.8%

$133+160.6%

Provider

Service type

Compensation

BPAS5 years

Filed as: BPAS, INC.

Service code 14 · EIN 16-1503696

6 RHOADS DRIVE · UTICA, NY 13502

Plan Administrator

$90,736

GRANITE FINANCIAL PARTNERS8+ years

Service code 26 · EIN 20-3917294

388 NASHUA ST · MILFORD, NH 03055

Advisory (Participants)

$87,586

SAMET & COMPANY PC2 years

Service code 10

1330 BOYLSTON STREET · CHESTNUT HILL, MA 02467

Accounting

$38,000

NEW HAMPSHIRE LODGING & RESTAURANT5 years

Service code 14 · EIN 02-0216783

341 LOUDON ROAD · CONCORD, NH 03301

Plan Administrator

$10,342

AMERICAN HOSPITALITY ASSOCIATIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN HOSPITALITY ASSOCIATIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion